indeed but I tend to feel that we live grave moments. Is it reasonable to launch a new project when he squandered a huge amount of credibility with the botched HF20 (coming after a long streak of unkept deadlines and broken promises) ?

First he needs to rebuild his personal credibility before launching new projects. Demonstrate that he can execute and deliver. He has accumulated a big moral debt toward the community that sooner or later he will have to pay back.

"Stand and deliver" is the word, not take refuge into another set of promises of future projects that can be broken just like the previous ones. Remember SMT were supposed to be here one year ago.