What Happened to COREPUNK the MMORPG?

Almost 3 years ago, Corepunk was announced to the world: A new buy to play top down MMORPG from developers Artificial Core. After early buzz and exposure, the promise of a CBT never materialized, and development updates have been rare. What has happened to Corepunk the MMORPG?

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0:00 Intro
2:13 Timeline of Events
8:19 Present Day Thoughts