Star citizen, prior to the move, was using 3.7 last I heard.
At best, I anticipate something that's more or less a retread of EVE and Elite: Dangerous with perhaps more in the way of social elements--in other words, nothing groundbreaking or especially novel, no matter how much Roberts tries to convince people otherwise.
I wouldn't say that. EVE has virtually nothing in common with either SC or ED in terms of gameplay. They're all space focused games, but EVE has it's roots firmly in MMORPGs, while ED is the original Elite turned up to 11 and Star Citizen is a space-sim and FPS.
There's also that Squadron 42 game or whatever it's called. I imagine that will end up landing with a thud--is anyone really dying to play a cinematic-heavy space combat game in 2017?
Not really, I backed for the MMO part. That said, Squadron 42 is probably the easiest part of Star Citizen to implement, so I'll be playing it as I wait for the MMO part.
The money they raised sadly isn't all that much. Games doing less had a similar development budget (just development, not including marketing) and didn't have a moron who keeps adding things that don't need to be added (some of which takes up a lot of development time, adds little to the game and causes game breaking bugs, like the the ragdoll physics) and squandering it on getting high-profile expensive non-voice actors.
Edit 2: If this was such good news, why did CIG hide it for a year?
Well that's an easy one to answer, Gamers don't like doing their research and it's a very toxic and rabid community. They just read a headline and have a knee jerk reaction. Even though the move has already been completed, there are still people out there who think that the game is in the process of moving to an entirely different engine.
Given that Call of Duty can print money at the worst of times, and managed to alienate it's entire fanbase with exactly that premise alone last year....no.
It's fanbase wants the same game with better graphics. They don't even want a story mode and probably have an allergic reaction to a line of text.