First, I have to say that the RoA series was a pariah even in the old school school. It was a unique game series, that simulated an adventuring party quite entertainingly. However, plenty of people did not like a game where the real threat of dying came not from dying in combat (in fact, the series did not have near as many combat encounters as other crpgs of the time. nothing even close to the goldbox series in fact, or even the Baldurs Gate series) but from surviving the aftermath of the battles (wounds, disease, broken weapon, no arrows/bolts/thrown weapons, no astral energy for sorcery, etc) which in turn could fuck you up in the next battle big time. Not to mention the world itself with its harsh elements, disease, etc etc.
But there are still enough old school crpg and RoA fans to IMO fund a 1 million K-Starter IF they get word of it. Those who love the series, love it fiercely and understand why it was so fucking amazing and groundbreaking.
But see, Mr. Henkel made it clear from the outset that this game would be in the vein of RoA, but also different. And the differences is where the problems arose. For instance, an off putting comment to me was that there would not be as many stats-crunch as in RoA. That did not need to be said, esp if you are appealing to the RoA crowd.
If anything, today's computing power ensures super crunch heavy crpgs, as the computer does all the math. Even for myself, who prefers rules medium, rules moderate and rules light systems now in pnp crpgs, would LOVE a super crunchy crpg where there are detailed rules for minute shit like deflecting arrows and redirecting them in mid air, summoning many critters for aid, weapons degradation, disease, foraging for herbs, hunting for food, etc etc that would cause a pnp game to become un-fun, because a PC can make all the checks instantly due to processor power.
So anyhow, Guido could easily return with a better pitch aimed at the hardkkkore krowd. It's not like it takes money...I guess making concept art and videos like that 3d dragon and hut could be expensive, but Fargo made his pitch without anything at all (save the $5.00/- he probably paid that kid in his Kickstarter vid)