Cronicles of Elyria sounds intriguing, and I might consider backing it when/if you go Kickstarter, but before that there is couple very important questions about project's future:
- How big is your current team?
- What is your current budget?
- Roughly, for how much you plan to ask for on KS?
- What/who are your funding ideas/investors besides KS/pledges/your own money?
- How much money you think you need to launch the game (total money spent pre-launch, including your money, KS, post-KS pledges and everything else)?
Both games I am following closely, Crowfall and Camelot Unchained, have already answered (furthermore, in great detail and multiple times in some cases) each of these questions and I believe their transparency and open communication with backers should be the industry standard, at least speaking of KS games.
For comparison, I also asked Ryan Dancey (Pathfinder Online) something similar recently, in reply he wrote a textwall basically avoiding to answer and claiming that "more than 4 millions were invested so far" and that "at least 2-3 millions more will be invested". Two months later he left the company, and two weeks after that the game was basically shut down (if one can shut down the game that never launched and was years away from finished state).
Needless to say, all these millions were contradictory to both what followed and to the shoestring budget state the game was in. I hope that I won't get something as dodgy as what he wrote in reply to questions above!?