I'd like to think that yes. But we really have no idea what's going on behind the scenes. What are FD's cash reserves like? How many people are asking for a refund? Are they going to hold off with refunds hoping that a sales spike near release will cover their costs of issuing refunds, or is it just time? It's all well and good to have consumer rights, but it's also interesting that they make this announcement a month before the game's release, and their refund policy states "within 30 days". I don't want to get all conspiratorial, as I really have no idea. But it seems like fair speculation given the available info.
I hope your speculation isn't correct, because I backed at a higher level than Alpha, so stand to lose too if it all goes Pete Tong.
Just to be clear though, I DO have sympathy for the people who aren't happy that FD have announced the dropping of offline mode. I think a refund on the pre-order cost is fair. The earlier access periods and Backer/KS pledgers are more of a grey area though.
I've seen many posts in this thread where the author is demanding a refund for earlier stages, without adequately explaining why. They don't need to explain why, but if they don't, then why post? No-one learns anything that way.
When they email FD requesting a refund, they're going to need to explain why. An email that basically says 'Gimme my money back' is less likely to result in a satisfactory outcome than an email that is thoughtfully constructed. mattensky's post above yours in an good example of how I would construct the email.
And BTW, I'm by no means a fanboy. I know very well that FD aren't perfect. Their communication has been pretty terrible IMO, particularly lately.