It's always been my opinion that the lack of any full-scale Earendil writing is the most tragic gap in the Legendarium.
But I don't think that Tolkien ever considered abandoning the story. It is rather curious that he so largely ignored it in his later years. I think, though, that in the Atanatarion, the final tale "Of the Fall of Gondolin and the Rise of the Star" was to include both Tuor and Earendil.
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