I'm disheartened by the mostly negative comments I'm seeing on Slashdot on this. The comic itself isn't bad. The art, while heavily influenced by manga, is nice and unique and has evolved since he started, which is something you don't see much in anime/manga these days outside of something like One Piece. The story wandered a bit but flows better when you aren't reading the page a month that it now updates.
Yes, Fred and his wife have had health problems preventing frequent updates and I am not going to be his apologist, and no I have not read the comic regularly in years, but I think this project has serious potential. He started the comic with heavy influence from the visual novel genre and this could be the ultimate expression of the comic... he may even have a chance to straighten out some story elements. The ability to look at the same story from more than one character's perspective with different play-throughs and multiple endings sounds great as well.
Also, he has a team of developers working with him, he's not doing it on his own, so they should be able to keep this on track. Also, with any luck, one of the stretch goals will be to hire an art assistant (I mean he's blown through nearly every other early stretch goal in a day, why not?).