I see your point, but I see nothing to indicate they’re doing the “polish and wait”. No reason to believe they’re cooking behind the scenes or that this product was a learning exercise for them.
Most of their current products seem to be decaying in the dead march towards the next yearly release. ux and ui are becoming more and more poorly thought (see their last design language). They half pursue ideas and don’t manage to deliver (vr, apple car, etc).
I see cargo culting and fad chasing like any average leadership, only with a fatter stack of cash supporting the endeavour.
We basically know what they are cooking behind the scenes - to write a $1 Billion check to Google for a custom Gemini model