My only concern: It looks like the other games in development for your company are also at the same state as Valiance Online, if not in the planning stages alone. Gaming companies rarely work on a single title without major backing, but indie houses have no rules. All the same, are you sure you're not spreading yourself too thin with Legends of Etherell and Elite Units (both games that you have attributed for yourself as a leading role)? I believe the programming experience is there, but tempered ambitions make for improved confidence. Are you really aiming at three titles at once?
While I did buy into Star Trek Online, if Cryptic tried to develop Champions Online and Star Trek Online from the same planning stage at the same time, I'd feel the same way. (Granted, this game may be an orange that I'm comparing to apples, and certainly not of the same weight or even field.)
Don't get me wrong, I do dig the work ethic-- It's probably your elevator pitch when talking to others about SHOGN... "MMO development meets the Google-esque 'Always Iterate' mindset" (especially on Titan Network: even if we end up with a glorified 3D Superhero Chat Room for a year before combat actually works, we'd get part of our lifestyle back with that alone), and I'm interested in playtesting (how often can you watch a MMORPG get built in front of you?) but all the same I'm still skeptical.
I will keep watching, but I'd like to know more about the roadmap and where things are going before I donate. That's my "FUD" if you want to address it, others may feel differently of course. (I did read the prior posts, and this is the only question I had that isn't answered.)
But don't chalk me up to doomsaying or malice, you have as much of a chance as Missing Worlds or PZ Studios at this stage. City of Heroes isn't my first dance with doom: As a Browncoat, there's been past efforts like these involving my community that I sense will fill my buckets full of joy, but most times, they wind up weighing the same as the air they came with when I bought them. Right now, I'm also watching webOS Nation sputter to a general halt waiting for an open sourcing renaissance that just won't come ...I'm just bein' careful.