I have to say though, after the release of Arena Commander, it seems like the team got it more and more together and I keep being impressed by the progress they are making.
I have the feeling they first needed to figure it all out, how to build ships, how everything would work,... but now that they have a solid base to work on it seems like things go much smoother now. The weekly progress in ATV and monthly progress reports are packed with details regarding the development process, and they are being quite honest with all the bugs they are experiencing.
As the funding has now grown considerably over the first sought amount, many news outlets start hating more and more on Star Citizen, claiming that they will never fulfill their promises and that it's all one big scam. From what I've seen in the past two months, the contrary is true.
I also have to give props to Behaviour. While they may seem to take quite a while conjuring up stuff compared to AAA studios, their work on Star Citizen seems a pretty big step up over the Spongebob/Doritos tie-in games. I think the guidance of CIG gave them a chance to redeem themselves, a chance they are taking well. The new hangar system looks absolutely brilliant.