hi abirkmanis,
I understand the concern. In this case the project will go ahead whether or not the funding goal is met (if it’s met, it will be completed sooner–before 2012).
I like the ‘all-or-nothing’ model too, and some projects really need that approach. http://www.kickstarter.com offers this model for project funding, it uses a clever mechanism of deferred tansactions, but requires that project organisers have a US bank account (i don’t). I think that http://www.thepoint.com is a great site, but it can be problematic to rely on non-binding promises of payment for a project like Edgar.