None of this reads to me as “fully formed” instrument talk. Looks more like someone had plans/ideas for updates and these were cut short/cancelled.
Anyways the point isnt to talk about the models, but why Elektron might not get back to budget portable instruments: they don’t need to. They have some of the higher priced grooveboxes you can find in the market and are still top seller over Korg/Roland/Yamaha (which are way bigger than a boutique company like Elektron mind you) and even Teenage engineering similar products.
Teenage engineering? You got an open thread in this very forum with TE David talking with customers about features/issues with the KO II openly…