@rl_dane Yes it is one guy but he needs to hand off development to a team.
He basically dropped development to focus on Loops. I haven't used Loops so I can't comment. But in my experience with Pixelfed for about two years using the web interface and official mobile app, it needs A LOT of work. The mobile app has performance issues and bugs. The web interface, while slightly better performance, has a VERY confusing and inefficient UI.
Stating that it lacks polish is an understatement. It's not ready for prime time nor is it even close to being a reliable contender to Instagram.
It has a feature to import Instagram posts, which is useful, but.... it's broken. It doesn't properly support the ActivityPub protocol (likes and boosts appear differently from viewing the same post in Mastodon). The photo album feature is useful as is ALT text and the 5,000 Character limit per post (which is better than many Mastodon instances) but otherwise a reliable Mastodon instance can do the same thing and do it better.