Yes, and No.
The Limited Edition, full-color hardcover version of the game will not be available via local game stores-- aside from at those retailers who have participated in the special retailer-only pledge level here. It is exclusive to this Kickstarter only.
Some time in 2012, a black-and-white softcover version of the FAR WEST Adventure Game, which will contain less material than the Limited Edition, will be made available through distribution to local game stores. This softcover edition will be fully compatible, but will not feature exclusive content that will only appear in the Limited Edition.
Additionally, a "Basic Game" -- an electronic version of the rules needed to play (but not rules for customization, such as the kung-fu style design rules, for example), will be available for free download in late 2011/early 2012. This will be similar to "starter" versions released for other role-playing products in the past.