However, I believe the project could have been successful. A story, character and mechanics are pretty interesting. But... that time we were young and inexperienced, problems seemed unsurmountable and we didn't know what to do. Then we had to move to the other city etc. etc. and the project was frozen.
Anyway, I don't consider time lost. Game development – is an awesome emotional experience that helps you to absorb new technologies, and go beyond your usual interface solutions. It is Art – you create a story and a character, you work with sound and animation, you communicate with a player on the emotional level.
It is hard. It's way harder than websites or applications but way more interesting. Game development is worth trying it. But be careful – it's like drugs – highly addictive and won't let you go.