0.7.1 out, 13 MB.
Judging by the very short reaction time, which counts in hours only, they certainly are in full alarm mode every time they release a major update.
What remains to be done for the remaining updates until release of full version 1.0? Full damage implementation. Multiplayer. Polishing of full functionality of the menu options. Trento-Bondone. I think a variation of Silverstone. Modern Spa. A couple of cars. General finetuning, and AI tweaking, which will probably go on even beyond 1.0.
I think we definitely are closer to the finishing than the starting line. Good - the earlier they are done, the earlier they can start with the Schleife.