"Moving even more from concept to reality” is a pretty fantastic PR euphemism for discontinuing a product, moving the team to a different division, and going back to the drawing board. While the company promises that there will be future versions of the device, it has offered no timeline.
The most damning part of this announcement is the lack of details or timeline for next steps. If Google didn’t think Glass needed serious work, the next announcement would have been plans for retail sales.
I expect Google Glass to undergo serious changes that will be on a time scale of years not months. I remain bearish on Google Glass, even in medical settings.