Yeah, Steemit Inc. has been catastrophically mismanaged. Still, the deployed improvements have also taken too much time, including discussions, testing and such. RC took the best part of 2018; HF21 took 4 months to implement (and several months of sporadic discussion before that); and they still mucked both of those with at least 3 chain halts. The only efficient development in recent times has been SPS, unsurprisingly not done by Steemit Inc.
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Four months is a reasonable period of time compared to other blockchain projects.
The bug rate is definitely too high, I agree there. Even less well funded projects consistently do better, but then that's probably part of why at least a few dozen of them are worth more than Steem now.