Don't give up hope! I've just received some super awesome news for us all..
First of all I'd like to welcome @Nefty
to the Development team! Congrats!
To strengthen the case, the message of TM development being put on hold has been deleted and we can now assume that with their latest addition to the team development is back in motion!
And with that come's a statement from Nefty and even a sneak peak of development testing..
Nefty said: "I'm not heartless. Nothing like a good ole fashioned leak
In the picture we can see successful multiplayer with players breaking blocks and it updating for all players. This is all we need to know that the development team are working as hard as they can to get the ball rolling again.