Story rewrite? You mean the exact same thing they were doing for a year during the last update, except they called it "bug fixing"?
This is going offtopic but from the post you linked it's obvious that almost the whole team have been laid off and the main dev is focusing on creating a brand new story from scratch; and only later, when they are happy enough with the new story, they'll bring some people back again and start the proper game development. In WaL, the game was always under development and the artist were doing her job all along while the writer modified the sections they were not happy with.
There's a clear difference in those situations: one game has returned to the planning phase as it wasn't working at all as intended, while the other was fixing some serious shortcomings in terms of expected quality from certain scenes in an specific update. WaL's devs didn't need to stop and think where they wanted to go with their game as a whole, only how to make that specific character's path more enjoyable.
Not to mention the whole working dynamics are completely different on both teams, with Magicnuts working as a single creative brain despite being two people, while the other project is seemingly using a top-down approach, with one person in charge of the creative area and then a bunch of different writers, coders, and artists coming and going while trying to implement this guy's ideas -therefore, it makes sense for them to pause pledges if none of these people can't actually work on the game until the new story is satisfyingly fleshed out first.
Finally, as it was never denied, being a married couple with a family exclusively living off this Patreon income is obviously a factor when you have to make this kind of choices, compared to the (probably less severe) financial implications of such decision for what seems to be a diverse team ensambled for a project that never really took off as expected. Anyway, kudos to them for pausing pledges and offering some detailed and coherent info about it, and good luck in this rework process.