The sky is not falling. I'm sure Keith's code on his own machine is A LOT further along than this. However, it is probably not fully tested. What is Keith to do - send out code that is farther along but may contain bugs or other issues? No, he sends out code that is tried and true, and "safe".

How far along is the code REALLY...? Nobody but Keith and his team knows, and they are pretty busy right now! Since Jack has committed to shipping the games this month, there will be a REAL game to play. However, that game will be getting enhanced over the year I am sure, because Keith and the team will make it the best game possible.

Deadlines are the bane of a software developer, but we have no choice but to live with them and produce the best product we can in the time we are given. I am sure the pressure is on to ship SOMETHING as soon as possible, and they will. How full-featured will it be? I don't know, but I am confident it will get better with time.