I've been pretty critical of Magic Leap and their teasing in the past, and while we haven't seen any real evidence that the product is real, we also haven't seen any real evidence that it isn't.
[0]https://www.rollingstone.com/glixel/features/lightwear-intro...
"My first experience with Magic Leap’s technology in action occurred in a sort of sound stage"
Note he uses the generalized word, 'technology', and does not say 'Magic Leap One'. Then later in the visit:
"My first close look at the full Magic Leap hardware comes in a secluded space upstairs that resembles a fashion showroom."
Even if Magic Leap will ship, their secrecy is unwarranted because they don't have any credit as a company. Compare to Apple's secrecy: they do have credit.