The nice thing is that you almost certainly will get some kind of hardware in your hands out of this project for $99. Compare that to years of vaporware hardware where a big announcement is followed by nothing but spending lots of money and never releasing anything.

Getting the hardware is not a certainty. Kickstarter does not guarantee that you will get anything out of the projects that you give money too.

True, but I don't really see how that is particular to this project though. And I've had good luck with other $100 hardware products on KS.

Specific skepticisms are quite warranted, I agree, and time will tell. All the same, it seems worth remembering that as Kickstarter has some success, it is probably going to be making enemies who will use their established positions to, at the very least, trash-talk it and anything coming out of it.