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Ok, you're misinformed:
1. Localization requires a completely different team than development. Releasing the game in China shouldn't have taken away from development. They likely hired a completely different team to handle that, such as translators, customer support agents in China, etc.
2."season break" is a joke. I can understand them taking a break during the holiday season, but taking a 3 month break between season 1 and 2 was stupid. They took a "break" so they could work on paid content.
3. When selling the game, Arenanet promised "Biweekly living world updates", meaning every 2 weeks. They conveniently stopped delivering on that after about a year, which is about when its too late to file a credit card/Paypal dispute.
4. The GW2 subreddit has always been supportive of arenanet. Anything negative, even if explained constructively, is almost always downvoted. I don't think I've ever seen a complaint on the subreddit that made the front page.
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When it comes down to specifics, yes they didn't keep the promise. But Guild Wars 2 fell out of the mainstream, and their resources are likely way more limited than games like WoW. I wouldn't be surprised if they had to limit the developer resources just so they could release in China. Not to mention Living Story must take an incredible amount of planning and work in itself. (writing, voice acting, animation, concept art, designing the zones to be effecient for a video game, quests, events, achievements, etc) I'd say Guild Wars 2 has high standards for content, and keeping everything up to par isn't something that should be assumed to be done in a short amount of time.
You're making it sound like they ripped the players off. $30-60 for all the content they've provided in the past 2 years is pretty generous.
A paid expansion is a reasonable thing to do because, from what I'm getting from the subreddit, many players want Arenanet to have more resources to make the game even better. And the GW2 subreddit was definitely not always supportive of Arenanet. Just 4-5 months ago, pitchforks and much rage were being raised while the staff wasn't communicating/updating with players as much as usual. So yeah, Areanet isn't perfect at keeping that single, one phrase promise; but circumstances change, I'd say the recent content is totally worth waiting for.