Agh... And just when I was looking forward to this so much...
I know this is a bit late, but... I kind of suffer from this too, since it includes all ROM hacks, and the main reason I joined here was to give my input on some of the hacks... (The Schala Project especially -- I spent a lot of time writing up the script for that...)
Sigh... It's sad, but that's life. It's cruel and unfair. And I don't really blame the development team for their decision. Sometimes you just have to play it safe. The people swearing and bashing SE saying "Who cares? Just release it!" need to stop. You're only hurting the Compendium's image. I know it's been said already, but if this got released, the development team would get blasted to pieces by SE, who has actual, experienced lawyers for this kind of thing, wheras the Compendium does not. Oh, and they might shut down the Compendium too. Do you really want to risk all that on the off-chance that the team will actually win?
I only play these kinds of games for the story anyway, so if there were playthrough videos or plot summaries uploaded (if that won't get the Compendium in more trouble) that would be fine with me. It's not as good as actually playing the game, but I'll live. Someone suggested earlier in the thread to make a "shrine" to Crimson Echoes, and I think that's a good idea.
Well... *sigh* I won't leave, but I won't be posting much anymore. Kajar Laboratories was an amazing place, and I'm sad to see it leave...