We can safely assume that everyone wanting a Ubuntu Edge, knowing about it, and with the money for it already donated. There will be no geeks pledging for the phone at the last minute. So, either at the end someone with lots of funds (and possibly connected to Canonical) just orders around 30 thousand of these phones so that the goal is met, or this campaign will fail.
Well, I just tried to get in on this, but after arguing with the site for an hour I finally had to boot a special VM with no network security of any kind before it would even let me try to send money.
Then I am confronted with PayPal.
No toy, no matter how cool, is worth that. I wonder how much that has cost them?