I feel like it's easy for the vocal minority to overpower the conversation here; the people who don't really care about the delay probably don't feel the need to say anything.
So, for what it's worth. The delay isn't a huge deal to me. When it finally ships it looks like it will be the cheapest and yet most well designed product in the space.
I suppose you may be right, people who have been thinking "I'll have this very soon" for an entire year are right to be annoyed. But you also have to realize you're a tiny tiny slice of the devices these guys are going to move, and by that definition are also a vocal minority.
To be fair, I've been beta testing the device and it is very bad ass. It works extremely well, is very comfortable, and offers a lot more than any competitors at a much better price.
EDIT: I should also mention that I own the sleeptracker watch and it doesn't even come close to what the wakemate offers.
So, for what it's worth. The delay isn't a huge deal to me. When it finally ships it looks like it will be the cheapest and yet most well designed product in the space.