The current buzz in game dev circles is about the Double Fine Adventure launched on Kickstarter 18 months ago.
To make a long story short:
1) Development team goes on Kickstarter to raise $400K
2) No stretch goals were specified.
3) They raised more than $3.3 million.
4) Nine months after the "Estimated delivery" date, there is no game.
5) Uproar has ensued.