I fear that this will be like IMatch, the developer promises and promises over MANY years a (really needed) new version to the users.. this is not good :-(
Allow me to suggest a different point of view. It's long-winded but please bear with me.
My perception is, they've been saying that they're working on it -- and haven't been providing unrealistic ship dates or making other unrealistic claims.
I work at a company where over the years I've seen internally written software tools, plus endless programs out there in The World, that have seriously bad user interfaces written by developers who never seem to grasp what trouble their UIs cause end-users.
Photo Mechanic's excellent UI jumped out at me the moment I set eyes on it. The program is fast, has great keyboard support, and despite a few glitches in the on-line help, is documented unusually well. As I understand it, PM was developed with the help of much feedback from photographers -- and it's clear the devs listened carefully to the feedback. Digital-asset management (DAM) programs tend to have such cluttered interfaces that they make a person crazy. A number of them suffer from a UI disease made popular by a certain large software company that decided users must love to look at hard-to-see small medium-grey UI elements on a black background, and must love to look at three-pixel-wide buttons that are both hard to see and that require a lot of fine motor movements to hit with the mouse. Yeah, like everyone in the world is age 18 and has perfect eyesight, and uses a $400 pen tablet or loves to play the Carpal Tunnel Lottery all day with the mouse. Brilliant.
One DAM program's company made a point of hyping its fashion-model-looking UI designer; when I saw that stuff I thought: "if they have to turn this into a kind of cult of personality, something's not right; the v.1.0 UI is probably going to stink." I was right. A lot of it was terrible and many users hated parts of the UI to the point that the company had to work hard at improving it. And IMO they still don't have it right (the UI designer's fabulous haircut notwithstanding).
Photo Mechanic does not suffer from these flaws. It's clear to me that the reason is: the devs put a lot more thought into "usability" than into impressing themselves with how hip and space-agey the app looks. (But for all I know, they might still have fabulous haircuts. Yes, even in Oregon.) (Sorry :-)
I have no personal knowledge of Camera Bits, Inc. But I'll speculate: the authors have to know that their program is admired widely for its speed, ease of use, and uncluttered UI. If they were to introduce a new product that suffers from the unpleasant flaws of so many other DAM programs, they would have some frustrated users on their hands right away. And then they wouldn't have done themselves any good. Software development is expensive enough. Having to RE-design software due to bad design at the outset (and poor usability testing) is especially hard on the company wallet.
So: we all want THE killer DAM program to evolve from Photo Mechanic. If anyone can do it, it seems to me these guys can. I propose we hang in there and let them take their time -- do as good a job as they've done with PM. It
will take time. I'd love to have a good catalogue program (in the meantime I might slop something together for myself with Perl and Exiftool), but unless some spectacular new app hits the market, I'll just wait. (I have the luxury of waiting because I'm not a pro who needs a DB-based program right now. Dunno what I'd do if I had to decide on a DAM program tomorrow and had to choose between "bad" and "worse". Whimper a lot, I suppose.)