I still think the same.
1- Cross-chain: Incognito is really a cross-chain ecosystem that supports many chains. Secret supports just Ethereum, they haven’t completed BSC bridge yet (infographic is misleading). If the team sticks to the roadmap, we will still be ahead of Secret as of August.
2- Smart contract: Their solution is not Ethereum-compatible so that they (will) have difficulty in attracting the existing smart-contract developers. Incognito’s solution over BSC will be Ethereum-compatible, cheap, and hopefully fast. However, the migration is not easy as the migration from ETH->BSC since some additional code is required because of the privacy requirements.
Imho, our sight will be more clear by the end of this year.
Edit: I forgot to write one thing. Bad/Good (Depends on where you look from) News: Secret is not the sole competitor of Incognito anymore. There are also some other players in the field Good News: They are behind even from Secret as of now.