Someone should redo this with a decent wallet including some funny logo etc and maybe in a freaky algo like NeoScrypt etc.

Source?

See below in bold;

100M xpl pre-mined and distributed privately?

Basically your correct except for the distribution part. It will be private but its hardly complete.

 and now miners can only get 1 from every block?

Yes, you are correct because mining is discouraged and if it is to be done we wanted to make sure to keep the coins rare due to the large annual stake of 50% on privately owned coins.

am i right?

Indeed you are correct.

 is that fair?

We think very fair considering the circumstances and the importance of keeping this coin rare.

the pre-mined coins distribution has already ended or not begun?

Its already begun. Plus the community distribution has begun also. 5 Million [XPL] was placed in the faucet at Multifaucet whose links get deleted here in this thread as suspicious for some reason and for that we are not very pleased. However half of the 5 Million [XPL] appears to have already been distributed already so best to get on over there also. The distribution is hardly over though primarily due to the fact that we have been far to busy to assist those that we have promised donations to however we are confident that will will have reached everyone within a weak to ten days we hope. We are hoping to implement a gaming platform that will pay in XPL to play it. We hope to achieve that before Spring for sure. Plus we need to get on an exchange so XPL can be traded or purchased.

Why ?

Nice gonna throw some hash that way