Redshift is definitely not abandoned. AWS just announced a bunch of improvements and new features at re:invent in the last 2 weeks[0].
Its not obvious to me why supporting a newer wire format would be a high priority for AWS. I think I would rather they work on things like native JSON/semi-structured data support[1] than a new wire format.
Redshift has constantly been improved. One of Amazon’s major initiatives was to get off of Oracle and improving Redshift was a major part of that initiative.