Since they won't be releasing the Bounty Hunter update, I can find nothing about the game if they are still working on it. After so long, any news would be nice.
In the same blog post they wrote about bounty hunter update, they said
We are still planning to release some smaller scope content updates – and some of what we’ve developed for 1.4 may be featured in those. First we’re going to focus our resources on making sure Starbound on consoles is the best it can be.