I don't mean to be sycophantic or what-have-you, and I'm going to try to be as civil as I can about this, but I have to respond to some of these comments.
Looks alright, but there is already a better Earthbound inspired fan project. Mother 4!
http://www.mother4game.com/
Edit: Watched the video. Interesting premise but I am not a huge fan of the art. Reminds me a little too much of RPG maker.
Have not downloaded it but I will be sure to. I can't put my finger on it. I don't know if it is the color palette or something else but it does give me that vibe. Are more animations/frames going to be added to the characters/NPCs? Sometimes when 2d games get really hi res the animations start to stand out negatively, but obviously the game isn't done so this could be something being worked on.
Mother 4 is a game that takes it's name, art-style, battle system, music and everything else from the Mother series. That's trying to create another game in the series, not one that takes inspiration from it. There's a big difference. If you want to play a Mother game, by all means go for it. If you want to play a game that is it's own game but enjoyed what those games did and it inspired their system or humor than...well here it is.
I find it incredibly silly to also say this looks like an RPG Maker game when the sprites, fluidity of the animation and the battle system itself do not share any similarities with it. The last thing I would compare it to would be an RPG Maker game. The negative comparisons I could see would be to an iOS or Android game due to the cartoony nature and still shots looking like it is flash animated. Trust me, that is not really accurate either.
I would suggest playing the demo and seeing the animation of the sprites. Even their idle poses are animated quite well.
I don't trust any kickstarter/group/company that blatantly rips off a game ("homage") without having any real ties to the original. This isn't Inafune making Mighty No. 9... these are fairly random people who have a bit of experience in the industry trying to make a game in the design of another popular series in a genre they don't have any experience with.
Please tell me how this rips off Earthbound. Please look at the screenshots, read the pitch and descriptions of the system, play the demo and maybe get back to me and let me know how any of it rips off Earthbound. It takes the silly humor and similar combat systems as well as a modern setting. That's...about it.
They are people trying to create a unique and interesting game and get some help along the way and need to market it to people who will read two sentences before deciding whether to fund it or not. They need names to draw people in, since they aren't a Keiji Inafune or company with games on shelves. Everybody gets their start somehow. And they actually have a working demo to show you to give you substance that they aren't just some random fucks jerking off about Earthbound. Take a chance and give it a look. If you don't like it, you don't like it and don't have to support it.
Really not digging the art-style. I appreciate the effort, and hope it succeeds, but it isn't for me.
I do suggest checking out the demo. The animations aren't captured in the screenshots and I'll readily admit I was unsure about the art until I played the demo. The idle animations, movement and detail really is great. It's very obvious it's not lazy flash animation like I was afraid of.