It would be great to see this project forked without a premine, or to see this premine burned.
Agreed, forking this coin is the best option IMO. The massive premine killed this coin from the start & the fact that dev tried to hide it's existance from users caused a loss of trust (there's still no mention of it in the OP). He did promise to donate it to charity at one point, but nothing came of it of course. Nobody will buy into a coin with such a large premine, the only one who is buying is the premine holder in an effort to inflate the price in preparation for dumping it - standard practice with all premines.
If this coin was forked without the premine & run by a reputable dev it would be an excellent alternative to Namecoin for the smaller/home miner with plenty of room for expansion.
Anyone up for it?