Is the official Istio operator ready?


I’ve been reading through the istio/operator repo but I’ve not found any specific indication as to whether it’s ready for “production”.

I’ve used Banzai Cloud’s Istio Operator before & I was a fan but in this project we’d prefer the official one.
I’m aware there is collaboration between the people working on the Official Istio Operator, Banzai Cloud, and some other individuals who had Operators written.

TL;DR: How far through development is the official operator & is it “production” ready yet?