The reason I even protest in the first place, given that this is"your money", is that I doubt the only message sent by doing this is one of"there is demand for another EQ1/VG". Brad may very well take away the message that no matter what he does or how spectacularly he fails, that people will still throw money at him regardless of his track record. Meaning that he'll be able to endlessly milk the people that complain so loudly about the state of MMOs.
The other potential message...investors that give no fucks about MMOs are going to look at this Kickstarter and immediately wonder that if a niche game/genre like this can get, say, $2m then what would a WOW-clone kickstarter be able to generate. $3m? $4m? Not to mention that seeing Brad get funding given his past might make others think that you don't really need to succeed, just spam a new project/game at every opportunity because there will always be people willing to throw many at random_game_04 while desperately hoping that maybe that game might be worth it.