In an open and honest post on the Akaneiro: Demon Hunters Kickstarter page, Spicy Horse Games' American McGee explained why development on the game won't progress at the same pace as before.
"Development on Akaneiro started during the early months of 2011. Since that time, we've maintained a development team averaging 15 people/month on the project. In total, around 360 man-months have gone towards development, bringing our investment in dollars to nearly $2 million USD. In that same period, we've generated roughly 300kUSD in revenue - this includes funds collected via the Kickstarter campaign, F2P purchases in-game, and one-time purchases via Steam. In simple math: We've spent $2 million, we've made $300k, we're "in the hole" $1.7 million.
Given this situation, we now have no choice but to radically alter the approach we're taking to maintaining and improving the game. The core development team has been reduced in size to just two people. They will continue to address bugs and make improvements while working towards goals like multi-player and tablet support, but progress will be slower. Depending on the success of our other remaining title, The Gate, we may one day find ourselves in a position to throw greater resources at Akaneiro. We certainly hope that will be the case."