Issue with status in API CRs

[AmaliMatharaarachchi]

Description:
The current status object is incrementally adding entries to the api.spec.status without any limits. This would cause unnecessary lengthy crs and can attribute to exceeded memory limits. So, a proper condition management should be added as describe in gateway spec.

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[Tharsanan1]

Fixed the indefinitely growing status.events by capped the size with max 7 events. #2553

[Tharsanan1]

We need to improve the API CRD to support Gateway spec like statuses. I have created this improvement issue for this: #2554