I haven't heard of any projects that have reached their goals not actually being legit, but I have heard and even been on the receiving end (or "non-receiving end" as the case may be) of pledge perk orders go unfulfilled by the company / project.
I think if you fund something through kickstarter you have to go into it with the right mindset. You need to go into it for the love of the project and look at it more philanthropic than tit for tat because people seem to pretty much be on the honor system to deliver on the promises they make to donors.
I've funded a few different projects. The one I am most proud of is a film which unfortunately is the one I feel the most sure will not be keeping their promises.
I think in general people who use kickstarter are on the flakey side, I mean, if they weren't they probably wouldn't be using something like kickstarter in the first place. (no disrespect to Candyflip)
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