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I can even see the rumors about potential class action lawsuit, but nothing about false advertisement. Which is happening now if the game is not in development. It's not "Early Access" in this case.
It was abandoned though.
The fact it is still on sale, is shocking, and Valve need to do something about it, to stop people from getting scammed. The store page makes claims that simple aren't true.
"
Early Access
Get instant access and start playing; get involved with this game as it develops.
Note: Games in Early Access are not complete and may or may not change further. If you are not excited to play this game in its current state, then you should wait to see if the game progresses further in development.
"
And this is Steam claiming that, as it's the same for every Early Access game.
The language tells me the game is still in development.
Which is, I'm 99% sure, false claim.
To be fair, they do not claim the game will change, but still saying things like "... as it develops" is misleading at best.
I want to believe that Valve are doing most things right, so maybe that 1% somehow can materialize. I know Private Division was sold last month to unknown buyer. Maybe that buyer contacted Valve and told them they're going to take over the project. But it's just 1% hope. I'm obviously not buying this game unless it gets development team behind it and good reviews after full release.
This is sad and that's what most people accuse T2 for... They killed the whole Kerbal franchise.
Allegedly, it was bought out by an 'unnamed' company, but as the old saying goes "It's my IP to sit on and do nothing with."
F t2.
F runaway greed.
Beyond this, all IP is potentially valuable to someone at some point in the future, so purchasing a company at "fire sale" can make sense as a purely speculative purchase. It's equivalent to purchasing the contents of an abandoned storage unit -- it might be filled with millions of dollars in antiques, but it probably is filled with junk. Paying $100 for the contents "sight unseen" is perhaps justifiable.