I think its great for a lot of reasons, but I've seen it used by some bands who just seem too lazy to make the money on their own. It cheapens the whole idea for me.
The idea of kickstartes has started to grow on me a little... BUT a kickstarter for their debut EP??? Come on now. How about play a bunch of shows and save the money to go record the way it has always been done. That being said... i like the song they have on their bandcamp ... sounds a bit like Sherwood's melodies had a baby with Jimmy Eats World's Harmonies. Still, i think you should have to pay your dues a little bit.
I dont know if i agree completely. Expenses are high enough to be in a band and then to record makes it even harder. They arent just taking your money, their giving you their EP and shirts and other things.