I do love that Lorwolf has enough for me to be active on-site almost all day (just going profession to profession or exploring) but the only punishment for being too busy to play is opportunity-cost (missing out on weekly event tickets, or seasonal event tickets, or just chance to get extra progress towards achievements or something). Even the seasonal events seem less punishing to me, since you get a full month plus almost everything returns each year, and the things that don't (the 2 new companions each season + one colorway of the new apparel set) are only soft-retired (they are available via "lootboxes" during the seasonal event). I've never been concerned with whether the stuff I own is exclusive or not, I just want to have enough to be able to dress my wolves how I want 😂 so that is definitely more my playstyle haha.
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We don't have any updates on when but I can share what the release will include when it does release. Lorwolf had a bit of site drama between the devs, mods, ex-mods, and some vocal users, and everything sort of got put on pause after that. We did receive word earlier this year that updates are still in the works even when no one is explicitly communicating about that progress.
I remain ever optimistic (jokingly every time we have lag or internet issues, my pals and I say "what if this is the surprise Chapter 2 drop" every time), but prepare to be patient and satisfied with the site as it exists now (plus new apparel with each seasonal event, so 4 times a year, and a few background quiet bug fixes). Custom Apparels are also a much bigger part of Lorwolf than my understanding of FR so far, so there's a lot of new stuff coming in that way and via community-run forum events.
Adding this link as well: More Detailed Chapter 2 Sneak Peeks
The post linked above has the high-level summary of everything to come. This one is some detail about what it will look like.