I know that there are many people out there who might wonder what would happen if the project gets successfully funded, but in some way the project goes sideways and there is no way to recover or return the pledges that were made. Well it turns out that we have a perfect example in Yogventures!. Here's a project that pulled in $567,665, and after many hurdles they have ended up with debt and no way to return a penny to all of those supporters.
Since the money was all spent either directly on development of the game or paid to the Yogscast to handle physical rewards and "licensing fees" I'm afraid Winterkewl Games has a negative balance at this point. We don't have any of the money left and as such can't really offer refunds.
This is a potential reality when a team tries to make something that they have never attempted, and it does seem that they tried everything to get this project to a place where people could get something. It isn't really clear if the physical goods were even produced for this project, and that apparently was an additional $150,000 thrown in to take care of JUST THAT aspect of the project.
I'm not saying that you should never fund a KickStarter project, hell even the known quantities have had the money run out on them, look at Double Fine Adventures, but the thing you need to remember, all of you, is that you made an investment. Most of the time you are going to get something out of it, or a refund, but there are going to be those times where it just doesn't pan out. Now I'm sure there are going to be quite a few people out there who will pick up their torches and pitchforks, but if I was in their position, I would be pissed, but after much reflection I think I would just chalk it up to the loss that it is and decide to do even more research before I try to fund another project.