I still think its been cancelled. No update since feb 2021? C'mon! haha!
Actually the last update is from July 2022 where CEO of Paradox confirmed that Bloodlines2 is still be worked on and is allegedly in good hands, and more will be revealed once the team is ready for it. The game clearly went through a thorough reboot, but considering how many warning lights have been lighting up, it can't be a bad thing. Hopefully the new and improved Bloodlines2 will be shaping up better then what was originally shown.