Your points are totally valid, but I will share my reasons for having faith in this particular project:

1. The creators have been delivering projects for about 40 years now (not Kickstarter, but mostly as Toys for Bob).
2. The project has progressed significantly already - prototypes have been built and assets have been created. It’s not just a speculative project.
3. The project is of a manageable scope. It’s not planning to revolutionize anything or deliver innovative technology. It’s well-trodden ground, technically speaking.

I will admit that there’s risk in it being a small team chasing nostalgia, so even if it does deliver something, the quality may not be what we all hope it could be. But I have enough faith in the team that it can’t be worse than Star Control 3.

I could probably Name That Tune for 90% of the songs even to this day.

I’m looking forward to it because it’s the official sequel, from the original creators, over thirty years after the fact, to my favorite PC game of all time. Star Control 2 (Free on Steam but now renamed to Free Stars: The Ur-Quan Masters due to a bizarre copyright squabble) is an open-world (galaxy?) sci-fi adventure with brilliant and hilarious writing, endearing hand-drawn pixel art, and phenomenal music. There’s nothing quite like it. It was crafted with a deep love for gaming and I have no doubt the sequel is being treated with the same kinds of reverence.

EVERYBODY BACK THIS PROJECT! (https://www.kickstarter.com/projects/pistolshrimp/free-stars-children-of-infinity/description)