I don’t see a problem with the price. But I am still confused as to how this update will differ from what is already on the site. So far, all I could gather is there will be some text editing and cosmetic changes. Something about community, open source, empower. Vague buzzword salad.
You are correct, that for web work, the price is reasonable. I like OP and he should be funded. But how about setting a precedent that community funding requires a somewhat concrete plan. No rubber stamping.