To be honest, I haven't seen anyone complain about it not being MOM2 in a while. What they are doing more now is discussing how things can/have improved and what they hope for in the next game/expansion. My question to start this whole thing was more of what made people so eager to forget the debacle that was the initial release of this game and look forward to the next one?
Your first post also said stuff like "I feel abandoned" and "but finding out that a game that was released with more bugs than a July picnic is being bailed on to concentrate on the next one just kind of leaves me feeling hollow.", so it seemed like you're one of the people who wants WoM to get an overhaul rather then that overhaul being FE. Aplogies if I misread.
To answer this specific comment - a lot of what caused the WoM debacle isn't true anymore. This time the engine isn't being built from scratch. The development process is a lot more structured and seems to have learned a great deal. There's a tremendous amount of feedback on what worked and what didn't for people to use.
Plus, if you look at their posts, Derek is a lot more conservative in what he talks about. When he mentions specifics on what they're building, I feel pretty confident that said specifics are on a plan somewhere and are thus likely to actually turn up. Comparatively if you look at the history of the dev journals, Brad talked about all kinds of stuff that never saw the light of day. Expectations were way off on WoM because there was no way to figure out what was "actual stuff" and what was "Brad theorizing". Take the economics discussion for example, which probably still stands as the single best thread on this site. Brad gave us a bunch of potential models, and a great discussion ensued about them for quite a while. What we actually got resembles none of it and inevitably people were disappointed that we got a highly simplistic economic model instead of the ones that the company owner pitched at us during development.
Yeah, I'm cautiously optimistic about FE. Compared to WoM it's got an already working engine, a more experienced team, an experienced project manager, and realistic expectations. Plus I'm getting it free. With the deck stacked that much in favor of FE, what's not to like?