The transition to ETH2 (which is also now called something else [2]) is still an undefined date target.
[1] https://www.google.com/search?q=eth+merge+gas+prices
[2] https://blog.ethereum.org/2022/01/24/the-great-eth2-renaming...
Basically any large organization IT project, defense project or anything which a politician touches after the sign off, then.
Except there are no regulations around it or legally-binding contracts to protect these projects and we're talking about hundreds of millions of dollars lost with little to no way for compensation or any legal case. Not even suing the creators would do anything for those losses.
Since Crypto is still a wild-west, projects like Ethereum are free to mislead their investors into loses and when they did eventually lose millions over a hack, suing them was futile. So the creators reversed the entire chain, defeating the whole point of immutability of Ethereum.
It's been more than 5 years since the move to PoS was expected for 2016. Everyone knows how both expensive, slow and inefficient Ethereum still is today for anything on-chain and even some have given up waiting on this sunken cost contraption to improve and looked else where.
Except that it is.
Imagine promising your clients and telling them to wait 'for a year' for the team to fix these fundamental issues in your product and have them lose millions on your missed estimates whilst you keep postponing and delaying the fixes for 5 years.
At some point, these clients will give up waiting and move elsewhere. Happened to the first NFT project on Ethereum (CryptoKitties) and now BAYC is considering doing the same.
So given that situation, the longer they delay and postpone it the worse it gets.