Guess the title was right, just that it wasn't a Miserable "Product Launch", but much more a "Miserable Product" Launch... I'm so sorry, but this is a typical case of development for its own sake - you don't need extensive product and market research, some simple hallway testing (i.e. Asking a non-geek: "Hey, do you get what we're trying to do? Do you think you could need it?") would have been enough to establish that this idea doesn't have AND traction and doesn't solve any major problems in a convincing way. Sorry for your investment, but this seems like your own fault, guys. But as they say: Expierience comes from failure, so insert coin and try again!
Very true! We actually tested the app with friends beforehand, and it was very well received when we took the time to explain what it was actually doing. So it's not that the idea itself is miserable, it's more the product (which looks crap), the message (which people don't get if you don't have the opportunity to explain it in person) and the general marketing.
But as you say, we're going to insert coin and try again based on the very feedback the HN has provided to us :)