Why is it pathetic? They are trying to get funding, KS is the place to go for independent funding nowadays. It wasn't so successful the first time, but they obviously want it to happen.
I want it to happen, too. Eternal Darkness was a fantastic game, and one that I had hoped for some kind of spiritual successor to for a long time. Admittedly, the original team's track record post-ED hasn't been good, but I'm willing to give it a shot if they can manage it this time.