Would it have been better for Pebble to go bankrupt, shutdown their services now, and not refund anyone's orders?
Honestly, probably. Because then the precedent wouldn't be continued that companies can shirk responsibility for things they acquire.
Because that’s how the real world works? If you tagged on the responsibility, they would’ve just paid less for it. It’s Pebble and their investors that only sold the good stuff to maximise their returns.