It is certainly overrated, I watched the trailer sometime ago and my initial reaction was very positive, but since then my impression of it has diminished because I've realized that it's basically just a bunch of pizzazz for something very basic and unremarkable. And a $185,096 goal, sheesh. For that kind of money I'd demand something way more interesting than a lame Quake knockoff with no multiplayer and no soul.

EDIT: Like seriously, I am hesitant to draw comparisons between this thing and my game but I think it's safe to say my team has accomplished at least as much as they have if not more with NO budget, and I can name other games who have them beat there too. So like, while the trailer is amusing and stuff, the bottom line is that this game is just not worth the price they are setting themselves at. /endrant