While I respected Renegade Kid quite a bit post-Mutant Mudds and going over the history of their products, I think being as niche an indie developer as they are and posting the ridiculous target funding was the nail in the coffin for them. People don't want to back a high-profile indie game, they want to back a cheap and easy indie game that makes them feel like they're a part of the development process, and what Renegade Kid is hoping to achieve with this Kickstarter is the exact opposite of that.
I really respected them for their bite-sized approach to gaming on handhelds and the satisfying content they delivered in those titles. I'm not sure if I trust them to "grow-up" to home-console development and I can't even imagine that happening with a budget like this. I mean, I was honestly surprised that the Shantae Kickstarter happened, but that was because Wayforward has an extensive fanbase and pedigree.