http://www.eevblog.com/forum/crowd-funded-projects/m-thermal...
They basically posted increasingly vague updates and no concrete information about the product.
However, I do think the project owners got in over their heads and rather than giving up are building increasingly bizarre fabrications instead - something we see in the software startup world frequently, too!
The gist is that they promised a release date and it's been slipping ever since. This is pretty typical for crowdfunded, small projects as everyone vastly underestimates the time to delivery especially when it's their first rodeo.
The part that's a red flag for me is that even prior to their recent public silence their updates were cyclic and bizarre. They'd say they had a design and were choosing case prototypes, then two months later reappear to say that they had to move offices and somehow in the process did a complete layout do-over and were working on cases again, then reappear to say they were "finalizing" firmware for "optimal warm-up."
Throughout this whole process they've never provided an actual image from their camera.