I agree Wiley, it will be apocalyptic if it doesn't turn out well. I do have faith though, having played every single one of the Wing Commander games Chris Roberts did back before there were even 3d cards, he always showed he could create a great game experience and story.
I read a post over at their bbs about how it could be the greatest scheme of all time so far as the net goes, using your rep to generate all that income, but I don't think anyone, including Roberts, ever thought he would get THIS much support. I was stunned when they hit a million so quickly, and I'm still in shock that they got into the 8 digits so fast too. I just hope they aren't trying to merge other old ideas into a single experience, ie a WoW meets Eve online meets Wing Commander type of deal. I'm really hoping and expecting - since I've got several hundred into it as well - something new and special.