As of update 19:
Well guys you can imagine the pure excitement when I heard that the dinosaurs in the game were getting redone, as previously in the game... they sucked. The latest update made it so the dinosaurs patrol around the island instead of just clumped up in one area. There was also promises of dinosaurs fighting each other when they cross paths, which I have yet to observe because even though the dinosaurs wander, they never really leave their set area (Ex: raptors will always be patrolling the center area, and will rarely leave that area).
Health now does not regenerate and requires you to use bandages to replenish it, which is good and adds somewhat of a survival element to the game. The patrolling dinos are a nice addition as well, as there is now an actual sense of danger of running into something unfriendly when out and about; even though you can simply jump into some water and kill wahtever dino with your crossbow as they sit helplessly on shore.
There is crafting and building in the game but it is all very shallow and basic, and even though there are dinos wandering about it is still very easy to gather materials, as most of the dinos you can avoid if you're smart and near some water. The environment is the same old same old and will get boring quickly.
I would be giving this game a thumbs up right now if it wasn't for one thing: glitches.
The "health gain" system is glitchy as many items that are supposed to restore your health, do not always do so, while sometimes they do. Some of the newer food item do not cook (which is required for consumption), even though they are supposed to.
The tribal system (a sort of "guild" system, were you can team up with your friends) is also glitched as people I invited after I had built my base in the game, could not access the things I had built, while those who were in my tribe BEFORE hand, could access everything fine.
Big dinos (when shot at least with a sniper gun) will twerk spaz out into oblivion and become unlootable, which can be VERY frustrating.
Is there a game here? YES there is, but all the content feels more of a game that was JUST released to Steam Early Access, rather than a game that has been out for almost a year.
But hey, if you MUST have dinosaurs, this isn't such a bad buy. If you are new to the survival/building genre, this isn't a bad buy for you. If you are a veteran of the survival genre, looking for a new game to test your mettle in, save your money and buy it on a Steam Sale.
I must admit that the game is going in a better direction than before, with dinosaurs roaming around the island and not having your health regenerate.
On a scale of 1 to 10 I rate this game a 5 out of 10.
Recommendation: pick the game up when it is on sale... unless you REALLY want to play a game with building/crafting elements in a dinosaur infested world, are new to the survival/building genre and don't mind dealing with some glitches and/or really likes the idea of the game and want to support the developers.
Till next update.