"As you may have heard, Winterkewl Games have stopped work on Yogventures - but this is actually a good thing," Yogscast co-founder Lewis Brindley wrote in an email to the game's 13,647 backers. "The project was proving too ambitious and difficult for them to complete with their six-man team.
"While this was Winterkewl's project, we put a lot of time, energy and effort into trying to help them realise their dream. Since we heard the news, we've been working hard behind the scenes to make sure that you still get awesome stuff and cool experiences.
"Although we're under no obligation to do anything, instead we're going to do our best to make this right, and make you really glad you backed the project!"
The first step of this is to give all Yogventure backers a Steam Early Access key for TUG, an open-world survival title that is already in development. Yogscast and TUG developer Nerd Kingdom last week signed an agreement to become partners on the project, replacing the role of Yogventures entirely.
Yogscast is one of the biggest names on Youtube (I heard they were up to 50 employees at this point, but that might be totally wrong), and this seems like a total clusterfuck. So, is this the biggest Kickstarter that have failed so far ($570,000 raised)? Seems like it's gonna be a good test for how people react to a completely failed, big Kickstarter.
edit: Here's a video of the game from earlier this year:
And here's a statement from the developer (not Yogscast): http://www.reddit.com/r/yogventures/comments/29rduc/winterkewl_games_is_dead/