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Twelve years have elapsed since the first Quantified Boolean Formulas (QBFs) evaluation was held as an event linked to SAT conferences. During this period, researchers have striven to propose new algorithms and tools to solve challenging formulas, with evaluations periodically trying to assess the current state of the art. In this paper, we present an experimental account of solvers and formulas with the aim to understand the progress in the QBF arena across these years. Unlike typical evaluations, the analysis is not confined to the snapshot of submitted solvers and formulas, but rather we consider several tools that were proposed over the last decade, and we run them on different formulas from previous QBF evaluations. The main contributions of our analysis, which are also the messages we would like to pass along to the research community, are: (i) many formulas that turned out to be difficult to solve in past evaluations, remain still challenging after twelve years, (ii) there is no single solver which can significantly outperform all the others, unless specific categories of formulas are considered, and (iii) effectiveness of preprocessing depends both on the coupled solver and the structure of the formula.