Dragons of Elanthia sure looked like it was almost finished. I remember Whately did a stream on Twitch where he played with a few other people and it looked like a finished, playable game. Maybe there were some bugs to work out and some features to add but it easily could have been an early development on Steam these days. They even said the game was in alpha and invited everyone who signs up to test the game.
Here is their Kickstarter and why they say they need more money:
https://www.kickstarter.com/projects...ia/description
I'm not saying there is no development involved in making maps, dragons, riders, or skins, but once they already have the basics down and have created several of these already it's not really the same as starting from complete scratch.
Sounds like the main reasons they wanted to start a Kickstarter was because they didn't want to go through a publisher who would take some of the profi...I mean who wouldn't share their same vision! Also because they apparently had grand visions of porting this game to Nintendo, Playstation, Xbox, and probably even mobile, and also they apparently thought the game was going to be so popular that they would have to create servers all over the world like this was the original launch of WoW or something.
They probably saw that very few people even cared about this game and the fact that their Kickstarter and that the game was supposed to be free2play so they couldn't even gouge people by charging them 50 bucks up front so they probably thought the game was a flop and decided not to waste anymore time or money on it.