FWIW, I got the 10 I ordered. About 14 months late (and by which time I'd already ordered practically identical camera covers for less money on Amazon). So it wasn't an outright scam.
All up - this guy got ~$200k(usd) - about 25 times his initial goal, then totally blew the fulfullment - with many people still screaming for delivery or refunds while he's got them for sale on through his new company (set up with the Kickstarter money presumably) on their website, leaving some (most? many? a few?) backers angrily waiting.
Pretty much what I'm expecting to be a 50% likely outcome every time I back something there, and set my expectations accordingly.
I've been burnt there before, and will be again, and haven't actually regretted any of them. My biggest fail was the ZPM Espresso machine, about $300 which never succeeded. Again a stupidly over subscribed Kickstarter, and at least they had the grace and transparency to fail publicly in their attempts to manufacture 50 or 100 times as many as they'd planned...
My take away is to never do a Kickstarter-like physical good project and accept 10x or more "orders" that your initial plan had in it. Sure, if you're making software or art which can be duplicated at tu=iny fractional costs, let the orders go wild. If you have to hammer things together (or even put easy-to-reproduce things into boxes and ship them), stick to your initial small batch size and defer new orders when you hit that for a future run. Don't commit to making 100,000 when you'd done your planning/pricing around being realistically capable of making and shipping 1000.
