I'm not sure how this one with work. The credit card rep said that it was old enough that they couldn't hold the merchant accountable. I said that I didn't want to cost them any money if they couldn't get it back from the merchant, and I was just going to drop it right there, but the rep said that this was part of my protection and opened up the dispute. The guy was very nice, and being a fellow Kickstarter fan, he wasn't opening up the dispute without knowing how Kickstarter works. My speculation is that they might be able to influence Kickstarter to look into it, or just ban that merchant. It appears at first blush to be a merchant that got in over their heads, but considering that they are still opening up projects on Massdrop and selling goods on their online store, I think it's just plain fraud.
You reminded me that I need to add some more evidence into the file. Thanks!