It is exactly 8 months from the N31 announcement, and it does not mean that they could not have started working on N32 fix prior to that. So I think there was enough time to make necessary changes / fixes.
Or, if no fixes were made, just release it months ago in the same state as N31, which did not happen.
IMO, connecting the dots, I think there will be a N32 release, it will perform measurably better to N31 (proportionally), but after all this time, the release date will be whenever it is ready.
I think most people are overcomplicating things.
Navi 31 isn't a bust or failure requiring fixes. I think it is performing with it's design parameters considering the spec increase. The 20% increase in CU was never going to turn into 100 percent performance increase. The double FP was never going to turn into a similar increase in graphic performance considering the cheap silicon cost(navi 23 vs Navi 33).
Navi 32, will perform like it's specs suggest I suspect, much like Navi 33.
This whole Navi 3 is busted rumor I suspect is more just a cover up story to maintain the credibility of Moore's Law is Dead. His monstrous ego will never allow him to say he is wrong and he didn't perform his due diligence about the rumors.
He has been pointing everywhere but himself. E.g AMD lied, the chip is busted, last minute changes. He just wanted hits and now he doesn't want to pay the repercussions in his credibility.
Remember he was saying things like Navi 33 was going to performance like a 6900xt or better knowing that Navi 33 was on 6nm and 200ishmm2. The fact that people still believe him and give him the time of day just show people are still doped up on copium.
I think the more likely reason for the delay of Navi 32 is AMD still has a lot of Navi 2 inventory to sell that performs on that level and if compared to Navi 32 in reviews, will damper the Navi 32 reviews.
It has been hard to get excited about any new product as a result of products being compared to last gen price/performance and launching Navi 32 in this toxic buying environment will likely lead to bad reviews and quick price drops of Navi 32 soon after launch.