NEO is ETH 2.0 easily, and completely outperforms it in every aspect as a direct competitor, for sure. Having used both ETH and NEO extensively, I really do not see how and why ETH still exists and is being actively developed for.

It is to note that current projects already on the ETH network are in a way kinda stuck there. You could always release a smart contract for NEO or EOS or any other and do an equivalent drop, but that's still more work than no work. Gotta keep in mind that an established infrastracture's harder to compete with.

Either way, I totally agree with the general assessment here. Can't see it being actively developed for as a dApp like 2-3 years from now at all when other stuff already is better, and the future always holds great stuff.