I haven't ordered, so I'm not invested either way, but it smells fishy to me. I don't think they were necessarily an out-and-out scam selling vaporware. Rather, I think someone was overconfident in their tech and their supply chain's ability to provide them with what they needed. Some numbers didn't add up, so the hashrates dropped and the prices increased.

I wish the best of luck to anyone who is still holding out with a preorder throughh BFL. I, personally, wouldn't give them a dime until people have working ASICs in-hand from BFL.