The Kickstarter page for Wildman offers a second update about Gas Powered Games' proposed evolutionary action/RPG. They respond to requests to see the game in action with Video Update #1 showing prototype gameplay and featuring Chris Taylor overcoming his camera shyness to answer further inquiries about their plans. Oddly the in-game footage is shot second-hand off a monitor, allowing us to pretend this is leaked shakycam footage of an E3 presentation or something illicit like that.
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Well, yeah... They were working for Microsoft, who just shut down the project they were responsible for. That is the reason they're doing a Kickstarter. Pretty much all of that funding will be used to pay the people to continue working on this game. Rather than work on the assumption that they'll be funded and possibly end up in the hole for a month's salary for everyone, they probably decided it's best to take a break. It's not like everyone in the company died today and can never come back; they're literally a phone call away. I reckon whatever update is posted on the Kickstarter will explain basically that.
In case you don't know how this works, you don't get charged if the goal isn't met... So it's not like you're sending money straight into their bank account to cover their final expenses in the case that Wildman doesn't happen. Deciding not to pledge because of this news is exactly the wrong thing to do.