Where is all the content?

[Iscah]

Elidibus states that we would be unable to communicate and affect things because of our intangible form. We also don't affect anything, we tell our story, and Venat acts.

We do affect things. We affect a lot. Giving information to Venat that she acted on is an effect in itself, and on top of that we helped them find Meteion and force her to give the report and in doing so we form a link in the chain of events leading to the Final Days and ultimately to where we are today.

Elidibus was correct that we would not be able to communicate in the state we arrived in, but that's because he had no way of knowing we'd get spotted by Emet and given enough aether to be turned into a functional entity there.

I am personally of the opinion that the logic of the time loop is fine, but Venat's actions post-Elpis are either under-explained or too reliant on doing things because we told her it would happen. She should have her own reasons for acting in accordance with what we described.

That said, the reason she doesn't tell us sooner about Meteion is circular: we were unaware of Meteion prior to visiting Elpis, therefore she cannot tell us about Meteion in the present day until after our visit, or she would risk breaking the timeline.