I want to pledge to this, but I'd like to know more about it first. If I pledge it will be for the $120 [or $155, I haven't decide, I do like the art...] since I need a physical copy [with all of the bonus goodies].
With Mighty No. 9, we know what we're getting. An old-school Japanese 2D action game akin to Mega Man. That's all I need to convince me. With Project Phoenix, though, it sound as though they're attempting to do something different, which can be a good or bad thing [depending]. And they still have "unannounced" team members? Seriously? If these people are as popular as the small description would lead you to believe, why not make the information available?
For Mighty No. 9 I had no reservations whatsoever in putting down my $500 pledge. For this, though, I hesitate to even put down $120. I guess I'll need to decide soon, since it only has a few more hours to go...
Edit - I looked up more interviews and, after some thought, I decided to pass. It just doesn't seem cohesive enough for me, which is probably why they haven't shown anything outside of art. It seems a bit risky for me to invest as much money as I was planning too. It sounds as thought it's a JRPG from aesthetics and that's about it. Even the crew behind the project don't seem to have a whole lot of experience, outside of Nobuo Uematsu, of course.