It was meant to be a full release for PC and consoles in Nov 2023 (after having been delayed twice already), at which point they announced it would be delayed a 3rd time, until Dec 8th, and would be released as PC-only Steam Early Access content instead of a full game like they had led gamers to expect. The 2 years leading up to that point were spent releasing promo videos and info which grossly misrepresented both the game's content and the progress of its development.

I don't know that this technically constitutes fraud, but it is completely disingenuous and abusive of the trust gamers had placed in them.