It's fraud when they willingly disregard what they sold initial backers. We did not vote on these changes.This isn't pre-ordering a game. This is backing either a start-up project, or an ongoing project. As a responsible backer (once again "small time venture capitalist") you'd want to check in once in a while, follow the project, and vote in cases where your input might be asked for. Or, you're just along for the ride. Besides that, provided the project keeps going well enough, you'll get what you back and more. There isn't a game on the planet that either didn't run over budget, over estimated time-frame, or didn't come out like shit because it was forced out too early by a publisher except for the companies with enough influence and common sense to say "it'll release WHEN IT'S DONE". (like id Software for example) Would you rather this was shoveled out unfinished? Go play something else while you wait, and be pleasantly surprised when it comes out better than initially planned. Or, if you're not comfortable with the risk, don't back it in the first place.
Like I said, you're not pre-ordering a game. You're helping fund a project that may or may not come out as expected. It's up to YOU to decide whether it's worth the risk to get the reward.