You're overthinking this. Details like developer compensation are...that's all shit for later, this thing won't work because the guy who "created" it created NOTHING. NOTHING AT ALL. No games, no specs, even the case for the console and controller were jacked from elsewhere. This might be the most vaporous of all vaperware systems.
f*ck. Even the NAME is nothing. "Retro"? What, is it a $30 guitar pedal? No Station, no Engine, no Box, no Cube, no Family, no broadCasting of Dreams, New Earths or Wonderful Swans of Crystal, just a "OLD VIDEO GAME SYSTEM".
The shit wasn't even shit.
I wont lie its an awful lot of fun watching this trainwreck.
Agreed. I feel like a bad person for enjoying it so much. Initially I thought this was a cool idea, but it has been so badly mismanaged that it doesn't deserve to succeed.
It's fascinating to watch.
The thing is ... it didn't have to go this badly. It really is just a case of total mismanagement.
The idea was never going to work long term, because the economics for their potential developers are just wrong.
But I truly believe that if they could have kept the whole thing under some form of control, then they'd probably have got to the point of being funded and then producing a console and a couple of cartridges before the whole thing collapsed.
But it's been terribly bungled from the start. Mike Kennedy is definitely going to be one of the first candidates to get on the Golgafrincham "B" Ark.
The new "update" on the IGG page is an absolute joke.
To paraphrase ... "Everything is going well. Ignore the doomsayers, they're just misinformed. Trust me." 
That's it ... no new information about the hardware and the developers, just "Trust me and my team ... we're awesome!". 
