Pretty sure you have to have *a* goal to do this kind of thing -- seems like they would take the # of things you can 'buy' and multiple it by the dollar amounts or something. I didn't read anything that led me to believe if you pledged for a reward you wouldn't get it. And I can personally vouch for the character of the band and say I don't see anyone they'd go full Payne on any fans.
Hrm okay. Yeah, I have no worries about them blowing the money, I just assumed they'd need to reach the goal to get the record made.
Also speaking of Payne, these guys have already raised as much as the Floodlove project