Thanks, I've updated my post above saying that indeed the PPCoin-Qt's status message changed

Now, ppcoind says generate=false when I do "getmininginfo", does it mean it's not mining?
C:\Users\dv\Downloads\PPCoin-0.3.0\daemon>ppcoind.exe getmininginfo
{
"blocks" : 44845,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 348773.05554859,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"pooledtx" : 0,
"testnet" : false
}
Also, if you know about how stake rewards work, could you elaborate on:
If you find a stake the reward is 1 cent per coin-year consumed (can be roughly understood as 1% interest annually)
I'm really fuzzy on what is the difficulty of finding stakes is. Assuming I did find one, though, I guess 1% means I'll be getting 1 PPCoin per 100 PPCoins in wallet?