was at a couple of Ethereum meetups in London recently which just gave me the impression that despite their great ideas they as a team are disorganized and indecisive (eg they keep on moving their IPO goalposts).
That actually has more to do with us trying to have a solid business structure that makes multiple categories of stakeholders happy, spend more time building the product so ether purchasers have actual working code (eg. my recent
pyethereum/serpent upgrades and Gav's POC4) to see what they're getting into, and actually being regulatory-compliant. The pre-sale is the only thing that's getting pushed back; everything else is humming along quite nicely with many contracts already running on the testnet.