Disclaimer, I don't know anything about RDNA4 story, but I can say that software support + supply chain / production limitation are some reasons for delaying Nvidia MCM client GPU (along other things like monolithic is still better for the vast majority of the product range, don't forget we are talking about high-end with MCM). Generally speaking, hardware design is not an issue, green team is using CoWos and HBM in their DC lineup for 3 generations now...Do they not simulate these chips in software first? They would be crazy to design a multi GCD architecture without validating the concept in software many years earlier.
Knowing that and back to AMD, it seems very reasonable that the software was the reason to cancel this top SKU multi GCD design. Making development plan and proof of concept are easy but supporting corner cases of API subtilities and software oddities take a huge amount of validation effort. And it's well know that AMD don't have the resources to innovate faster than Nvidia in software. Just look at the recent FSR3 debacle for a good example of promises and delays. I'm not surprised that AMD managers are not feeling confident in getting software at the same pace than the hardware...