You should know, right off the bat, that based on what we've found (and been told) - Alex Peake seems to have run out of money after spending it recklessly, and doesn't plan on continuing with this project. There are well over 1000 backers out there who pledged for physical rewards. And, tragically, 6 backers who pledged at the $1k level who thought their money would be well spent on an educational tool for schools.
It's interesting how it's playing out. There's a kind of 'fog of war' going on while there is no certainty about what's happening.
From the KickStarter FAQ:
Is a creator legally obligated to fulfill the promises of their project?
Can Kickstarter refund the money if a project is unable to fulfill?
No. Kickstarter doesn't issue refunds as transactions are between backers and creators, and creators receive all funds (after fees) soon after their campaign ends. Creators have the ability to refund backers through Amazon Payments (for US projects) and Kickstarter (for UK projects).
So the current suggested course of action is basically to make a refund claim directly to the project head (Alex) and then when you hear nothing (pretty much guaranteed by the looks of it), you claim from Amazon Payments who would have insurance protection like PayPal. Then they chase the guy for cash.
Watching with great interest.
As an aside, here's Alex in a video about one of his previous projects which apparently also went south. The top YouTube comment actually says, "Too bad it turned out to be a giant scam."