F1ach: I just see it as a scam (it's just my opinion), there is no finite completion date, no assurance of an actual product at the end, or whats going to be done with the money if a project fails.
There is a completion date. It's on all the rewards. There's just no guarantee of it. How does that make it a scam? If the product is delivered, it's certainly not a scam.
I don't know why you're surprised at the amount of money people are willing to pay. It's a minority of people, and they're not unusual in any way. People spend thousands of dollars on things which have no value to others, be that a gun from the civil war, a prototype graphics card or a rare comic book. Here at least these people are helping something become reality, they're doing something constructive.
The thing about Kickstarter is: you see something you want to happen, you help it happen. If you're the kind of person to just make do with what's around you and pick and choose (which is fine) then you'd see no point in that. If you like to help things happen, Kickstarter is an easy way to do it.
hedwards: I suppose, I thought the argument about what to call it was because people weren't attaching the appropriate meaning to the involvement.
Perhaps, but I think that arguing about what is isn't doesn't help people understand it better. It's such a simple concept that if someone doesn't understand
what it is they'd certainly not understand
what it isn't.
Of course, the argument about the argument is not any more productive. :)