Everwild Still Being Worked On?

Phil Spencer alluded to the fact that Everwild, the next game from Rare is still under development despite a lack of any updates since its trailer in 2020. Spencer name dropped Everwild as one of the games that is still in-development that he is most looking forward too. According to VGC Everwild restarted from scratch in 2021, and originally had targeted a 2024 release date. With nothing concrete on the game in five years are you still hopefully we get a release at some point?