You guys picking apart the "spring" thing are cracking me up. I live in the US, not quite at the same latitude as the MEA crew, but in their regional neighborhood. When we say "spring" here on the US side of the border, we're talking about March. February is winter, and March is when winter quits kicking our asses (generally).
Relax. They want this game released in Fiscal Q4, March 2017. That hasn't changed.
As to why we didn't see more, I suspect their textures aren't ready, based upon that plastic doll of a protagonist. I have no idea what else might not be ready, but I know they wouldn't want the big reveal to be summed up by "OMG! The graphics suck!", so they chose to wait. I hope their "polishing" works.