Will this game ever come out?
Hopefully.
As far as I know, this is a one-person-project, so it is expected, and reasonable, that it is going to take many months before there have been enough development, that it warrants a new update. It is also likely that the developer is not getting their bills paid with the game as it is now, which means they will not have time to work on the game 24/7, likely much less time, since money needs to come from somewhere else.
Therefore, I don’t think that just because months have passed without any new updates is a reason to question whether the game will be finished.
I really like what I´ve seen so far and think that it will be worth both the wait, and money, when the full game is ready. I would prefer it well done over half-baked.