When it comes to freeway driving many many (and maybe you) use it for 95% of the time without taking it out of AP Mode. It is that way for me. I could go hands free except for the nags and my own personal wanting to be extra safe. But I believe EAP is primary a freeway driver assist (or full assist 95% of the time) and we need much more for surface street driving and that is where I believe FSD comes in. Remember EAP means On-Ramp to Off-Ramp without driver input which Elon actually said he used the night before to get home when talking about v9 in August. Elon seems to believe EAP for that purpose is close.
EAP isn't flawless on the highway... I've had phantom braking events and they haven't all been consistent. Also... if traffic is at a standstill up ahead EAP isn't going to work and bring me to a nice slow stop. It rained like crazy the other day (I know... it's an "edge event") and I couldn't see the lines in the road nor could EAP (they weren't shown on the IC).
In my opinion... FSD will be building upon what EAP is capable of now. I'm sure Tesla is internally testing a version that is light years ahead of what we've got now, and maybe that can do some other stuff pretty flawlessly... but I'm guessing it's only in ideal conditions and isn't 99% safe... otherwise we'd have seen it already.
Tesla sure has been improving EAP all along and I look forward to continued improvements. If I don't see FSD anytime soon it's no biggie to me... I've always expected it to be at least 10 - 15 years down the road. If it gets here sooner I will be pleasantly surprised that my personal estimate was way off. I do agree with others on here who have said Tesla should have backed off with all the FSD talk... they've got a great car already... EAP & FSD is just icing on the cake... if you promise the icing within a few years and don't deliver it's a let down... if you say you're working towards the FSD goal with no definitive ETA (or a more broad one) and then slowly roll out features as they're tested and reliable that's a better way to go in my opinion.