I'll be back

Remember the Retro VGS we reported on last week? It was supposed to be a throwback to the good old days of cartridges, and was up on crowdfunding site Indiegogo with a target goal of $2 million.

Sadly, the campaign wasn't exactly a success - only $61,755 had been raised in 11 days - and has this forced the team behind the console to cancel the venture entirely. The good news is that the system isn't totally dead, and will return to crowdfunding in the future.

Here's the official line:

It's clear, in its current state the RETRO VGS Indiegogo campaign is dead in the water and thusly will be shut down early. Once the Indiegogo team explains to us how we can do this, the plug will be pulled and all of you who have contributed will receive a refund post haste. Or you can go in and request a refund from Indiegogo right now.

The good news is we aren't giving up and have made some adjustments to our hardware team, which includes the involvement of... other hardware gurus who were part of our venture in the very beginning. We will also be lowering the price while maintaining most of the cool features you all want.

We will be back in the near future with a prototype RETRO VGS system, front-and-center playing our games on our cartridges and with our USB controller. Sit tight, be patient and RETRO VGS will return.

Thanks again for your support, patience and understanding while we regroup and prepare for the relaunch of a new crowdfunding campaign.

Why do you think the Retro VGS struggled to find support? Was it the basic-looking games, the high cost or the fugly Atari Jaguar casing? Do you think a second crowdfunding attempt is wise? Let us know by posting a comment below.

[via retrocollect.com, indiegogo.com]