Fargo should do an AMA on Reddit to drum up some interest. A similar thing on here wouldn't go astray either.
I genuinely hope it comes together, but I'm pretty sceptical. The names involved aren't particularly relevant in the gaming world today, the game itself is a sequel to a game that isn't even well known and the company developing the game has a average reputation and a pretty poor track record over the last ~10 years.
I think there is only so much steam this project can gather on the back of the Fallout series, especially when the majority of the people involved in FI+II aren't contributing this time round. It would have been interesting if he had managed to team up with some of the old Interplay guys like Avellone and used their pulling power to push this project on a little. I'm sure those guys would be interested in being involved in rebooting the old isometric, turn based RPG genre (even with Avellone hinting at starting up his own Kickstarter project).
Anyway, you can't deny the guy's passion for the project. It's obviously something that lies pretty close to his heart and as someone who hasn't played Wasteland (or even heard of it before a few weeks ago) it was this passion that inspired me to contribute.
I can't help but feel that the 1 million dollar goal is pretty conservative as well, I suspect Fargo has his fingers crossed that it will manage to get a fair amount more than this number. It's a pretty minuscule budget in the scheme of things, I'd be shocked if they hadn't been able to drum a budget that small up from a publisher when they were shopping it around.