This approach is obviously similar to nxt's approach. People right now are calling it a scam. Nxt has been launched and (although not structured) the core code has been labelled as somewhat ingenious work. People now call nxt a scam because of the way it released the coin, only 21 ( I think) bitcoins. The way I see it is, a haterz gonna hate. Take a risk and give to these scammers/geniuses because in reality, we won't know until 3+ months from now and by then it will be too late.
Yes, you will get scammed. Yes, you can make smart decisions by asking questions and critiquing the motives and promised features but I bet the same people calling these so called '2nd generation' coins a scam now will be the same ones that call them a scam when/if they successfully launch.
I say pick a side and with very little contribution to the IPO and very large potential for profits (yes, greed drives people to do stupid things sometimes), these coins should be treated as innocent until proven guilty. Although it would help there cause to provide some sort of evidence of this great features.
Just my two eMu's.
You can check when the first Nxt post was made and how long he has discussed about his idea and the technical details. Yes, even Nxt, most similar to a scam, was much more than just post a vague post and get free BTC immediately.