Yea, I really dislike the idea of a "foundation" in both this currency and devcoin (I think? If I'm understanding it right that is...)
Who's to say the foundation doesn't just cashout all of their freicoins into another currency?
You are. Foundation coins will only be spent as part of a community vetted process. You can join the conversation at freicoin.org.
I spoke out against centralization earlier in the project and my voice was drowned out by louder voices in favor. It's like arguing about a Wikipedia article.
If you really like Freicoin EXCEPT for the foundation, you'll have an easier time just forking it. If I wanted to argue about how my own money was spent on my behalf, I'd go to city hall.