Given my experience with SHA256 launches, most recently with BADcoin, expect this to be instamined with huge hashrate on launch, then abandoned once the difficulty is astronomically high, resulting in a forever-stalled blockchain, as you can never attract 6 hours' worth of that amount of hashrate again to move forward with solving blocks and bring the difficulty back down.
Consider a faster diff retarget, or a change in algorithm, or both.
I agree with this. Apart from that, that's a lot of FLIRT coins. I tend to dislike coins with large quantities, but I'll watch this thread over the coming days.