We want to use release statuses to show if a release has a locked in launch date or is still in discovery/scoping. Currently we change the release status and it doesn't show anywhere. So what we have done to work around that is add an icon that say sit is locked.
Thank you for the idea. We currently do not have plans to update this area as it does not align with our current strategy or recent customer requests. However, it is currently possible to color by status on the Gantt chart and that can help you identify what status your releases are in. We hope this helps.