So far they've picked up half a million in pledges. With six days to go until they walk off with the money, skeptics abound (10min in) including some excellent dissections of their claims. The creators have yet to post even a single photo of the magical device, instead posting empty platitudes and claims that such secrecy is necessary to protect their IP.
Using just their published figures, their claims are readily refuted, yet still backers flock in. Kickstarter appear uninterested in what can only be described as a slow-motion bank robbery, despite their basic requirement to demonstrate a prototype.
It seems self-evident that such scams should not be allowed to propagate on Kickstarter, for the good of other genuine projects and the community at large.
Skeptics are maintaining a google doc with many of the highlights of the action.
Bring your own popcorn and enjoy the show.