I guess Larian is damned if they do and damned if they don't. We had been imploring them to release the toolset with whatever was available so we could begin to see what it can do. I don't think it's fair to charge Larian with teasing people by an early release. We have been pestering them for it for a long time.
They have been gracious enough to hear our requests for releasing it in whatever state it was in, and even get us started with a quick sample mod, a one hour twitch session, and some introductory videos to get us started (all of which, if watched, should have managed expectations). The state of the toolset should come as no surprise to those who supported this game early and have been following it all along. If you're late to the game and came in with unreasonable expectations because you didn't do your homework, then I'm sorry, but that's not wholly on Larian.
Ah but that is where you are mistaken. Perception is reality to 99% of customers and when given a choice between satisfying the demands of a very small minority and managing the expectations of the masses, you choose the masses. Because as you put it, they are damned either way. Might as well choose the lesser of damnation's,
especially when you'll disappoint regardless of results.
Anyway. I get it. On a personal level I am astonished that Larian manged to accomplish what they have with what they had to accomplish it. The game is a masterpiece. Releasing the tool set they way they did was their bridge too far.

Having said that though, when the tool is finely in a functional and usable state, I hope to be one of the communities primary content developers.