Water damage is what happened, we've had a fair bit of rain in my part of California (San Diego) as well, so it's believable that north got wet as well. All their electronic stuff like computers and cameras and assembly tools are damaged, but all the pieces of the Ceras are still fine (see? water-proof. bet your 'cano can't do that...) and it got pushed back one week. Shipping looks like after Christmas, before New Year's. Personally I think that's a better time-frame, the week before Christmas is hectic, what with everyone trying to get presents and cards through.
Anyways, I think you guys need to have a little bit of faith in them. They had something going with their first line, the T1, and then expanded incredibly well on it (Revolution/Evolution/etc). Now they really have something going on, they just hit a bump in the road trying to drive real fast. 1 week delay... let's be honest, how long has it been since PlanetVape said they'd have the FC Bubbler out?