I backed HexBright in mid-2011. I should be getting my flashlight sometime in the next few months. I was under the impression I'd be getting it in time for Christmas last year, but going back through their updates I don't see them mentioning a specific date so I'm not sure why I was under that impression. In any event, a year and a half is a pretty long wait, but I think it will turn out to have been worth it.
I also backed the Hexbright. You're remembering that you'd have it by last Christmas because that was the original shipping date. I think the FAQ was changed once the delays were announced. I agree, it looks like we'll be getting a great light, but it took entirely too long, imo. The creator had a video with a functional light during the backing phase, so I assumed it was nearly complete, but sadly it wasn't the actual light we were backing in the video and development took a year longer than expected. The creator has been perfectly upstanding and handled things quite reasonably, it just took far longer than expected to design and manufacture the thing, sadly.
I think this is one of those cases where he got so overwhelmed with the support he decided to do something completely different and better than what he was originally asking for backing to do, and it looks like it's turning into a full-fledged company. I'm pleased--I just want my programmable flashlight. :)