Well, it could not be made with the one million if publisher would be in. They would need to get their share too. And prize tag for current wasteland game would be 56 dollars per game in order to get 776k money. Thats high prize tag for a old school game. But it will probably become lower later.Also this is kind of gambling, you guys dont know if it will be good game or if it will ever be released. Even if they get money from fans, it doesnt mean that they magically gets good resource management/leadership. Many projects fall into poor leadership and poor management and this could happen to this game too.
I don't think you understand who's working on Wasteland 2. It's not just some guys looking to make a sequel to Wasteland, it's the original creators of Wasteland 2, who are working on this, and leading it. And after seeing their previous work (Wasteland, Fallout, and Fallout 2), I can say it's obviously under good management/leadership.
Also, I gave $50. Was going to spend that on a future game anyway, so I figure why not get in on helping develop that future game?