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I have a few board games in the collection that fall into this category.
For ex;
1) Ank (+ it's expansions) - I backed the KS for this. I think it looks like a decent enough game. And the KS came with all kinds of cool figures vs just cardboard tokens. A pretty good deal for the $.
But it turns out it's got way to many rules & moving parts for most of the people I play boardgames with. :(
I really don't want to explain the game once or twice per turn....
On the + side I have a whole bunch of Egyptian themed minis for use in our D&D games at a very reasonable cost per model.
My regret here isn't the $ spent. Or that i wont use it.
It's that I'll probably never get to play the actual game.
2) Last year I picked up a game called Offshore - a worker placement game about drilling oil wells. Sounded interesting. We like worker-placement stuff. Didn't sound like it was too complex.
Gameplay turned out to be a dud though. Not unplayable bad, just several of us simply have better (and prettier) stuff in this category already in our collections.
The regret here is spending the $ on this vs several more trips through Starbucks.

 Psychopomp wrote:
early-Mantic Jake Thornton Alpha-release quality game

mood

That man was a conceptual genius but could never bring his gak to even a GW level of polish/balance. A paragon of the 80/20 rule, never gave it more than his 20%.

Various Kickstarters.

Took me way too long to realise that the waiting period between backing and receiving was killing off all interest I had in the thing by the time it arrived.

All 40k 10th edition purchases for me, thankfully not that many, but still big regrets. I really wanted to get stuck in with the rest of the club, but I just couldn't, this edition just doesn't do it for me. Got the Leviathan starter and nope. Got the Death Korps army deal, hoping that my favourite army would rekindle things, but nope, it just pushed me further into a burnout when it comes to GW at the moment.

There's also, this is aeons ago (might be a thread on it somewhere still?), a period where I was in a similar rut, so joined in with another store group and tried out new games, though the rate at which this group went through games left me with too many starters and starter forces that never really went anywhere once they were done with them and moved on to the next best thing. Dystopian Wars! Infinity! Freebooters Fate! Warmachine (though this one was killed pretty well by my demo games being against a Cryx starter, yaaaaaay 🤮)

OH

Liber Astartes and Liber Hereticus

Really thought HH would be around for a while.

I played like 5 games with Hereticus and 0 with Astartes before they were invalidated.

Probably the reaper bones 2 kickstarter. No fault with them, they are great for the price and what they are, but far too much and 99% of them are in a box in the loft destined never to be used.

Ooh... The limited edition 40k 4th edition rulebook.

I paid the silly money for it when it released because it was pretty, and then 4th ed wound up being terrible...

The large pile of random minis I have for "small skirmish games" and "solo games" that linger in boxes on shelves or in cases and never get worked on.
If I had to narrow it down, the stuff I got for kitbashing a Turnip 28 army because the aesthetic looked fun, but the game turned out to be a shallow pile of crud, and I lost all motivation.