I have the same question.
Yes, it's production ready.
The reason why it's not v1 yet is uncompleted features.
We use it in our companies in production with high traffic and critical data.
We are using nuxt alfa version on two productions site. Not huge, but more than 100k UU/month.
And is working great!
Thanks for the quick feedback, that's great to know.
Lior
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