So if "the product might never come to fruition", everyone is effectively funding vaporware, as stated above? That makes absolutely no sense to do and I think I'm going to keep my money until the product is out.
No I've never heard of Kickstarter before, but honestly this whole thing still just seems completely ludicrous to me. If Light Harmonic needs venture capital, there are venture capitalists for that, I don't know what makes them entitled to ask consumers for money and why anyone with a sane mind is giving them hundreds of dollars without knowing for certain that the product will come out next year, or at all.
It's also marketing. It creates hype. The fact that their project took 10 hours to reach their funding minimum is/will be talked around technology websites. People waiting for the product talks about it to their friends and such. It's a GREAT way to start a medium sized project. It's useless for bigger things, and not very appealing for small projects, but for things like these, it's perfect.