I am so (almost) sold on this. At first, I didn't really buy the Earthbound aesthetic. As I see more footage, particularly combat and some of the environments, Earthbound comes through very strongly. After watching the trailer, I am super sold. It doesn't really come across as creepy to me (which is good, I'm not really into things that are supposed to be scary), but I did find it weird and kind of cool. The premise is cool, too.
I will almost surely buy this, but I don't really believe in Kickstarter, so I'll wait and see what happens. Hoping for 3DS milestone.