NEM on AE is dropping steadily. A month back it was the talk, but it has died down. The crypto scene here is a fickle lot.
When the next phase is open we will see what the value is.
yes, the length of the development i fear is starting to damage this coin. as long as what is released is great, price will come back. if its not great, we have a problem.
How great it is, is a function of development time, especially if we have such a great dev team working so hard. The longer the development time, the greater it becomes. As you said, the value of the coin depends on the value of the ecosystem. "Damaging" this coin is therefore irrelevant and a transient event.
I'd rather let the coin get "damaged" for now then to release something half cooked.