Amazing! It's funny how if Wakemate hadn't screwed up, the world wouldn't be justified in demanding periodic updates! I mean, do you really ask Posterous to give you bi-weekly updates? I just hope the Wakemates realize that (a) the bar is significantly higher because they're YC-backed (b) every day they spend not putting the product in a customer's hands, they're setting themselves up for more work (such as sending bi-weekly status updates) which may not even be common under normal circumstances, or risk pissing off more [potential] customers.
I really hope someone does a detailed post-mortem analysis on the Wakemates (AndrewWarner?); there's a ton of stuff to learn about how not to do PR/marketing in here for the rest of us to learn & implement. :)