A new update has been posted to Kickstarter. (Not sure if this one is public or only for backers -- apologies if it's not visible to everyone.)
The Pine team seem to be making progress on a number of fronts: music, UI, world assets, and interaction with the world and NPCs.
It's still hard at this early stage to see whether the "fun" will emerge from the pieces. But it does look like the pieces are coming together.