If the product ships on time, KNC's choice of skipping the testing stage will be seen as bold & daring. If they fail, well...
What product? The only product they have is the FPGA prototype and they are not building/shipping that.
Why you guys are so hyped up about KNC and its "products"?
Until they show a working ASIC chip, there is nothing to be excited about.
Did you already forget Avalon and BFL fiasco? Why do you think KNC will be any different?
Once (IF) they get any working ASIC, they will mine the shit out of it for a month or two, blame Chinese customs for delays and
maybe then ship few units to "supporters".
By "product" i mean the Mercury/Saturn/Jupiter miners KNC has promised to ship before the end of
the summer September. If these products are already in customer's hands, KNC would have, indeed, underpromised and overdelivered. As things stand now, if said products ship before the end of September, KNC would fulfill its promise, though without overdelivering & having fully eroded the "margins upon margins."
@The Avenger: KNC is an ASIC manufacturer. If you think there's a reason it should be exempt from comparisons to other ASIC makers, please make a case. In the meantime,

"At least Pedobear was cuddly!"