CoT is well into the alpha phase, but they don't have a
public alpha like VO does. But there are videos of the game in action, released regularly (and most recently only
two weeks ago). That's not vaporware, even if you can't personally play it.
VO is also ahead because they were in the middle of making a fantasy MMO, and when CoH closed, they decided to use what they had and just switch genres, so they didn't start from scratch like CoT did.
The only one that looks like vaporware is Heroes and Villains, which has shown literally nothing other than a few character models. (Even Ship of Heroes, which started only last year, has shown more than H&V has)