I wasn't going to agree, but I think your interpretation is correct: vaporware | ˈvāpərˌwer | (vapourware British English) noun Computing informal softwa

I wasn't going to agree, but I think your interpretation is correct: vaporware | ˈvāpərˌwer | (vapourware British English) noun Computing informal software or hardware that has been advertised but is not yet available to buy, either because it is only a concept or because it is still being written or designed.