https://www.reddit.com/r/Games/comments/4y1h9i/wheres_the_no_mans_sky_we_were_sold_on_a_big_list/?st=IS7C6YSN&sh=090d1e9c
They also removed Giant Sandworm creatures and the ability for your ship to travel underwater.
Sean said it himself you would've been able to battle factions and have a combat oriented starship. So no that wasn't Overhyped bullshit. It was even shown during E3 2015.
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portals are actually in the game. I have found two but have not yet figured out how to activate them. And once someone does that will be sick as -blam!-.