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So is EED waiting for more pre-orders (such as other companies do before publishing) or is it just ON HOLD indefinitely?
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Neiher really. We aren't waiting for more pre-orders and the hold is
not indefinite. In fact, we are expecting to print this summer, but are waiting until we see sales picking up -- a more positive outlook from gamers and frankly wholesalers who are telling us not to release now.
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It's now been exactly a year and a half since it Shrapnel lied to us about the game being at the printers
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The game was at the printers we just pulled it back.
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an acknowledgment that it is no longer in active development
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It is in active development. Marketing (including box cover and internal pieces) is still being reworked. The rest of the game is complete. We are also reevaluating the price point, as everything is more expensive.
Look for more news in June.