I guess he was unlucky arriving too late to the party of old-school cRPGs. Obsidian and inXile already milked the core audience on KS and blobbers like "Legend of Grimock 2" and M&M X are being released soon. It don't think we will see a successful KS campaign for cRPGs on this production level anytime soon.
I think you're wrong. CRPG backers don't roll up and die after pledging to a project. There may be a financial "cooldown" for many backers but to think that Obsidian and inXile would have already extinguished the platform a year ago is crazy-talk.
Here's why this is failing:
A: There is no starpower what-so-ever to convince backers besides a smaller enclave of germans and Arkania fanatics.
Guido himself is not a big name. His studio seems rather non-existent and they have made no games together prior to this.
It's like inxile-before-wasteland-and-without-Fargo pitching a game.
B: Blobbers are unattractive and unpopular among the larger public (but any fun game will find its audience).
The only successful blobber/FPPRPG in recent time is Grimrock and M&MX. Grimrock was released as a fun and complete game and didn't require any trust-incentives to be successful. M&MX is riding on a popular franchise with Ubisoft backing.
The target audience is not the general CRPG audience. It's the wizardry/m&m audience. These games are very particular and definitely not everyone's cup of tea.
For an obscure and completely unknown studio to create a vaguely outlined blobber, I think 2500 backers is pretty okay. These 2500 probably includes the couple of hundred people who are (still to this day) big Arkania fans and actually follow what happens in the gaming world.
oh, and C:
Guido already failed a Kickstarter. This is common. The difference between this and the commonplace failures is that he didn't return with the original concept, but with a brand new concept. For enthusiasts like the people on RPG Codex, this sends bad signals. "He didn't believe in his own concept", "He does this new thing because he's rather succeed than do what he really wants", etc.
Not to mention the impression many got of Guido being nonchalant and dismissive when Thorvalla failed.