I understand your frustration and have often shared it, but I'd rather they just keep working and not take the time to make a public-friendly release schedule which (I imagine) is more complicated than
@Callum cranking out a forum post in 20 minutes. I have a backlog of other games to play a mile high anyway so I've been content to pop back in on Bannerlord with each patch and hotfix.
Also, given the kind of cynicism in the forums right now - which kind of just seems to be the direction computer gaming fandom is headed anyway - I can't really imagine what they could possibly say that wouldn't just piss off large chunks of "the community." A big mea culpa that they promised too much and are narrowing their focus to things they know they can get done by March? People will be foaming at the mouth accusing them of fraud and pasting Wikipedia article excerpts from the Uniform Commercial Code to support that. They say they're on track to deliver what they originally said would come out in March? People will call them liars. Some announcement in between these two extremes saying they will spend more time in EA and will deliver less than what they originally promised? We'll just see a mix of people calling them liars and frauds, and that does nothing but lower their morale.
Sure, not everyone on the forums will grab the digital equivalents of torches and pitchforks, but the loudest always get the most attention and the TW employees most active on the forums spending almost as much time responding to attacks and demands as they do suggestions and bug reports.