They just posted an update making a bunch of excuses and offering 25% refunds which is bs and I doubt is even allowed by KS terms!
So the "backer only" update is "We are not shipping, how about we refund 25%"? - If that's true, then Wow... I mean Wow. That's crazy-bad. At $7,300 raised, I have it that they should lose about $1800 assuming they don't pay for art up front. That's bad I guess, but it's not terrible considering they should have tons of decks to sell afterwards. It's not like Faery stuff doesn't sell (even if it's not Froud or Jasmine Beckett-Grifith). Hell, even if they just remaindered all the rest of the decks to 3 or 4 on-line companies at print cost+shipping, they could have delivered. That's an epic fail.
Pre-KS times changed the way I think about these projects. I have no problem with setting a goal that doesn't break even upon delivery as long as I have confidence that I can move product afterwards. Before KS, I would take ALL the risk and print before getting
any orders at all! I guess I've been lucky to have the cash-flow to make that work in the past or been able to raise the money, but it seems like this is just lazy. I have to think a few on-line shops would happily buy a few hundred of these decks for $2.50 a piece - if they sell 1000 that way, they are in the money (depending on art) and would have built up KS credibility.