this shit is really starting to get out of hand. people arent even trying anymore. put the time in, work that extra shift, save your money, and do things yourself. if anything, its gotten easier over the last decade to record and self release, not more difficult.
The musicians involved with this project are all reputable, and whether you enjoyed the music any of them have made or not, it was good music in the eyes of pretty much 99% of fans of their respective genres. That being said, I doubt their out and doing this just to dupe us all and make some cash. No label is going to step up and offer to back a side project from a bunch of guys who happened to be in relevant bands some time ago. Could they probably pool together the funds themselves? Most likely. Would it take a great deal of time? Probably. Would something else come up in most of their careers by the time they got the money needed? Also very likely.
I'd rather them get some money now, get out there and show us what's going to come from this project, and be able to make a better record than if they had to go through other means.
Kickstarter is not the hell machine people make it out to be; nor is it something that should be abused. Shit like the Jonny Craig campaign are disgraceful. But some musicians don't want to work for two years to save up enough money to record a single 7 inch, and until you've been in the situation yourself you can't really blame them.
That being said, I love all of the guys in on this and I don't care how many people shit on their campaign, the music that results from this is going to be fantastic.