I don't think this is the case. At least, the smallest block count I saw was 532.
Someone needs to verify the blockchain.
The thread already did;
BitcoinMiner:
proof-of-work found
hash: 000000be3e5210d1d5119ba86fdda33d1d2cf7510a56b9dd75d80f375a7c004f
target: 000000ffff000000000000000000000000000000000000000000000000000000
CBlock(hash=db60713d08da1541cee6, PoW=000000be3e5210d1d511, ver=1, hashPrevBlock=29ea7a52650b27963943, hashMerkleRoot=73044f8d15, nTime=1364958696, nBits=1e00ffff, nNonce=181536064, vtx=1)
CTransaction(hash=73044f8d15, ver=1, vin.size=1, vout.size=1, nLockTime=0)
CTxIn(COutPoint(0000000000, -1), coinbase 04e89d5b510101062f503253482f)
CTxOut(nValue=50.00000000, scriptPubKey=033dacce7ae6c3ecff6ce51c4b84c9)
vMerkleTree: 73044f8d15
generated 50.00
keypool keep 4
AddToWallet 73044f8d15 new
connection timeout
SetBestChain: new best=db60713d08da1541cee6 height=2921 work=5423317824 date=04/03/13 03:11:36
ProcessBlock: ACCEPTED
If that's not a clear indication of a premine I don't know what is
Umm, that looks like the current height.
If we can see what the difficulty was at the first block, we can determine how fast blocks were generated. Right now I see one or two blocks a minute with getinfo.
Even with 1 MH, you could probably get hundreds of blocks in an hour, I think.