The game itself absolutely has to change, at least in current scope, for it to ever have a chance at succeeding in any way, form, or fashion. They squandered the money AND kicked down their own backers' trust.........and without funds OR at least an adequate skillset (which they've shown is not really up to snuff yet), something of the magnitude of what they promised is never, ever, ever, ever coming. So it's absolutely a good suggestion to allow Identity to morph into something more feasible for them to create.
The only other possibility I see is to sell the IP to a functional team that has a greater chance of finishing it.