My experience is somewhere between 1 and 2 because I have the FSD beta and it works to my satisfaction.
After I got my car with EAP, I started realizing how difficult the full "FSD" objective is. Everyone underestimated the complexity, and nobody has been able to get there yet. There's no "fraud" here, THAT's an emotional issue. So I stopped whining and started fully enjoying what I had.
At this point I know it very well. I have adapted to a new way of driving. I make very good use of it on every drive, and find it very useful. As a developer - engineer I'm OK with the limitations of all systems under development, and with the inevitably tedious rate of progress on unprecedented tasks. The last, say, 3% takes most of the effort. And the progress is there. It IS unfortunate that not all of the most disciplined and cautious drivers who want it have the FSD Beta right now.
Bottom line, I'm loving everything about the car, especially the automation. Tonight I said "navigate to the nearest Sushi restaurant". It presented a list, I tapped on one, and it drove me there. Step back a bit: it's amazing SciFi material. What's the beef?