I'm not surprised its having issues getting funding. I was interested in it myself... until I saw the game play. It looks exactly like a tactics game just made to be online, aka Final Fantasy Tactics, Fallout 1 and 2. While those are great games on their own they are also a bit more of a niche market. And they are also offline games.
All in all, it looked just like a offline single player game that is having always-online DRM being shoved down peoples throats all while trying not to appear that way. You know, Diablo 3 but with strictly single player game play styles. Maybe I'm wrong, but I'm doubting I'm the only one who has felt that way about it
*automatically refuses to place horse heads in anyone's bed*