No, I am not happy with the state of the game. Every time I launch it, I get about an hour in before I switched back to Warband for PoP or In the Name of Jerusalem.
Now it's not to say they don't have some sort of skeleton to work on—they clearly do, because a lot of what they have is in a great direction—but it's just lifeless at this point. Why should I care about the new engine, graphics and some small new features when the game doesn't have the charm that Warband did or perform poorly? The extensive feeling world, or the satisfaction of obliterating a lord? That's not to mention the lack of story, culture and character depth going on, or the countless and ever expanding list of bugs, missing features or broken features—like that of the siege ladder. Oh...and the atrocious AI.
Hopefully one day it will shine. I cannot rule that out, not after No Man's Sky made such a triumphant return and did so much for the game.