To be fair. The more they answer the questions about how far along they are, the more questions AND complaints they will get and be expected to answer.
To say you lost confidence in them because they didnt tell you earlier that "they Haven't submited the bid for beta" is a bit to much
To give you an honest answer: it isn't too much! And I'll explain you, why. The last time pdx did this was the release date disaster, where they didn't say anything, that Q2 2015 won't be met, until Q2 was almost over. No word, that they still were in (pre-)alpha or anything. When this happened, many people here complained. But not, because they wanted to take their time. No! It was because the lack of infos and because they kept us so long in the dark. I even watched a video from gamereactor (iirc) some days before this, where podcat didn't say, that Q2 would be impossible.
Should pdx take their time for the game? Of course they should! Does it bother me to wait until the release? A bit, bit it's ok, if i get a cool game. Do i like it, to be kept in the dark, that Beta didn't even happen! No!!! For me it is the worst thing, that i thought, that the game left alpha behind. And this is the 2nd time, that pdx didn't say anything until it was nearly too late. Sorry, but if they keep these infos back, they shatter my trust. And i call it by it's name.
Don't get me wrong. I love pdx and because of this, i am more patient with them, than i've ever been with other companies. And i support them since hoi2 and tell every friend i know, that they should buy their games too, because they are just great. But what they really lack is a good information policy. And this bothers me a lot at the moment. And so they gambled with my confidence and lost it...again...