This thing already exists, and it's called Square Off, and the pieces are moving just as painfully slowl as in this Phantom project, so nothing new under the sun.
The OP mentioned in his second post that he bought a Squareoff board and didn't really like the feel and that was the entire motivation for this project lol
I think it's a cool project either way. Even if he manages to improve the design only slightly that's what science and engineering is all about, working off existing projects, concepts, and ideas and making improvements or advancements.
Three days to go and 2,688 backers are still on board.
Also there's an attained stretch goal: furniture for your eboard, and some more information regarding the project:
https://www.kickstarter.com/projects/wondersubstance/phantom-the-most-advanced-chess-board-in-the-world/posts/3245266