A serious question, not a jab. It seems "success" in the world of Kickstarter is defined by achieving a funding goal, not necessarily producing anything.
I'm very tempted to sign on for this one, but I've already kicked into a handful of projects, none of which are anywhere near shipping or this price.
It also all depends why you back projects. I back them for the same reason that I'm a trustee of the Awesome Foundation- I want to encourage amazing things to happen in the world. Sometimes, this involves a lot of failures or false starts. Some people are ok with that, others aren't.
How many Y-Combinator companies have actually shipped a finished product? Same thing.
And if you ask me, if a bunch of Kickstarter projects fail to deliver and the money is simply squandered, that says more about the "kickerstarters" than Kickstarter itself.
Of note, money is often squandered in startups too :)
Jot stylus - http://www.kickstarter.com/projects/531383637/jot-capacitive...
They are still making progress albeit slowly. Openvizla - http://www.kickstarter.com/projects/bushing/openvizsla-open-...
Nathan Seidle had an interesting blog post on it. http://www.sparkfun.com/news/909