Bloodlines 2 has had a pretty troubled development. I try and follow most VtM projects pretty closely (also I do have a copy of bloodlines 2 sitting in my steam account waiting for an actual release)
Yeah, you're right. Basically they were pretty far into development, enough to get pre orders going for release of the game and then the entire team got scrapped and development moved to another team. THAT team was like, yeah we can't work with what y'all gave us and we need to nearly start over.
So it's going to be in development for...a while.