The update is coming soon... They just opened up the testing branch a few days ago to allow players (via passcode) to play new content and give feedback about any bugs or problems, so Iron Gate can fix things before releasing the update.

Just because you are "disappointed" does not mean that the devs are not working.... It just means you are impatient and delusional about how long it ACTUALLY takes to make games from scratch, (as Vaheim is).