So glad I pulled my pledge from this project before it ended. I still occasionally check the page just to see how the backers are reacting.
Hope it's not done for as it does look promising. A reminder to myself though of why I won't back any projects anymore though.
I strongly suspect that it is never going to get finished. One of their past updates gave me the impression that they had some financial issues as a company over the summer, and the fact that they are going into turtle mode again leads me to believe that the financial troubles are ongoing or have reappeared. Further there is apparently another project out there where Playdek was handling the coding for the conversion of a board game to a mobile game (their bread and butter) and I have seen people mention that the game company that had hired Playdek has been having issues getting any response from Playdek. So yeah, not looking good.
However I don't think you should use this as a reason to not back anything via Kickstarter. There are plenty of projects out there that do deliver exactly what they promise. Just never believe delivery date promises because those are almost always 100% wrong. And if you are concerned about a project not being delivered, don't back big.