Update README [ci skip]

README.md

@@ -15,6 +15,7 @@ designed specifically with mass-scale Minecraft in mind.
 
 ## Status
 
-Velocity is far from finished. It's currently enough to act as an MITM
-proxy for a Minecraft server even though that's not the goal. You should
-join us on **irc.spi.gt** `#velocity` or send us a pull request.
+Velocity is far from finished, but most of the essential pieces are in place:
+you can switch between two servers running Minecraft 1.12.
+
+You should join us on **irc.spi.gt** `#velocity` or send us a pull request.