Updates is the most awaited part of the team and the supporters also the investors because it is kinda a way on what is the next thing to do. All over this project is keep on developing because they wanted to reached what they aim for.
Yes, I agree with your opinion on this project. Because of the updates, investors and community members can easily get the information about the project's current development stage. So it is very important for the team to always provide an update on every single week, which will help everyone to get understand about project's development.
Well, I might agree if they were giving an update in order to make an audience and interact with the supporters from it because an update can make a great effort to the project.