If you read the documents you would know they are releasing 7th umbral era content in 1.20, 1.21, 1.22 and 1.23, these include more raids and primal fights, um oh yeah more quests and probably more.

I have yet to see a complaint for content being replied to "please wait till V2.0" that reply comes for bugs that cannot be fixed with the current engine and servers.

Content is being released in the 1.2x patches, everyone who read the documents knows this.