1 Will the new strive sequel have an ending and epilogue after completing the main story line and would it have multiple endings?
2. Is their other game Displaced still going to be an abandoned project or will they work on it again but in a new light?

1. Yes, there will be an ending eventually. Not quite sure on multiple endings, but there will be plenty of optional choices in the story
2. It is still going. We are planning to make a full complete game release once its done, but I wouldn't bet on it being released this year.