If we can take their version numbering seriously, the devs think they are just over 20% of the way to Valheim 1.0. That leaves time for bug-fixing and general polishing (longer sound loops for fires and beehives, smarter AI)

With maybe just enough extra time for one or two finishing features such as a game settings console where you can adjust things like the death penalty.*

And just like that, there's an update: 0.204.4, mostly bug fixes. The last version I saw was 0.203.11, since I foolishly opted out of the beta program. Curses, no crashes!

If you like bugs, be sure to opt in to the beta program. Otherwise, the game is almost boringly stable.

*For group play, the game.ini file would be read only.