Certainly, dedicating some time for updates is needed. I am not suggesting that we drop the updates. I am however suggesting that we be more flexible with their frequency. Some types of projects may call for daily updates, while others may call for weekly or bi-weekly. Monthly may be appropriate for others. It's not dependent on the amount of funding asked but on the type of project.

Ultimately, I think the community wants project creators to treat the community as the boss that they report to. This is not necessarily happening currently since there is communication of some major stakeholders happening behind closed doors, which potentially (I am not sure about it since I am not privy to those conversations) gives them advantage over other proposal creators. Through the types of communication we are having now, I think the community is making its voice be heard, and making it known that it wants proposal creators to be transparent and accountable to the community. Exactly how that accountability happens can be flexible.