You're right!
More than 70 supporters with no release yet! Absurd...
Not too absurd, as the Academy series garnered a fairly dedicated following during the time it was on vdategames, and the entire series spanned over a few years.
Having said that, I too am not a fan of the online-only subscription model - it just doesn't appeal to me not having the full game available to download and enjoy offline, regardless of the potential for piracy. In the end, DSP can do whatever he wants, it's his game. I doubt he's after the money - he's probably doing the online only model out of principle.
IF, at some point, he makes the game downloadable, I might consider subscribing, but highly unlikely before then.