Interesting. I was about to back this when I realized it doesn't appear to have an SD card slot to store multiple games and/or save game state... Feels like an odd choice to me, given the capabilities of the hardware.
That and the onboard flash is only 32MB. No networking support (WiFi or BT). Mono audio, no headphone jack. Some interesting limitations for a 32 bit portable console.
That and the comments on their previous projects are pretty poor. Reading those, I got the impression they tend not to support products after launch, which ultimately led me not to back it.