I'd be happy to provide some perspective here. While I hear what you're saying and can see why you're coming to that conclusion, we strongly disagree that the software lacks "most of the useful features" from the previous version. It's only little things here and there that were very specific to some workflows. The bread and butter of what MediaShout has always done is there, and improved in many ways.
We are a very small ministry based company, so unfortunately, we did not have unlimited time or funds for development, so this was the most prudent way of releasing the new version and getting it into the hands of users who wanted to adopt it (because it already meets their needs), and then also be able to follow up with a quick round of updates for more specific features that some users would prefer to wait on before upgrading. In order to accelerate the development of those "wishlist" features that were more in the "non-essential" category, we needed to get the product out there for the ones it would immediately benefit (and even brand new users).
While it isn't the most ideal, and honestly some of the more important features we hoped to have earlier are taking more time than expected, the product is in a very good place in its own right in both performance and features, especially after this most recent update. We have focused on stability, simplicity, and performance above all. We built this version from the ground up on more modern code so nothing was carried forward from the past, as the older stuff being brought forward was the cause of many pain points for both our team and customers. Now we have an exciting platform to go further than we've ever been able to go, and long into the future for more modern systems and capabilities.
We'd encourage users to try the software out and see all the benefits. For many, the features they need are there and they'll absolutely love it! The workflow is streamlined and provides a very intuitive new way of doing many things. But for those who are waiting on a certain feature from an older version, etc. they are always welcome to wait to update. We'll happily reset our free trial for anyone who needs to check it out multiple times before deciding on a purchase!