Yes, it most certainly does. While I'm a bit disappointed about there being no more content, I understand the frustration of dealing with the lingering Dark Ages (read as: Fenoxo's coding) of CoC's code and the need/desire to work more on TiTS. At least we'll get to see it finished rather than watch as it's abandoned.
In any case, glad to know that good ol' Geddy's (and whoever else is still working on it) going to be delving into that garbled mess in a valiant effort to finish the game. One thing I AM saddened by there being no more content is that I won't be seeing all of the fluffy/cute/lewd stuff involving Helspawn and all of the other characters. Luckily though, we have that Kitty guy's Revamp Mod for that!
Speaking of which, did any/have any of the CoC/TiTS/whatever content creators worked with or at least given tips to the Kitty guy (whether it be on how to write the content, how to navigate through the game's reportedly horrific coding, and son)?