I think the premine part is okay, all coins have more or less premine in different ways, except CosmosCoin.
wrong, many are not premined: GLX, STR, GDC, DMD, QRK, IFC to name a few.
I never want to mine premined coins, especially copy-and-paste type of coins. If the dev made efforts to invent something new, like Primecoin, I won't mind if the dev premine something. But this one, is total crap. I will not mine it to generate money for the crap devs there.