"We we afraid the little guys wouldn't be able to get in, so we just went ahead and prevented them from getting in all together!" Great, not interested in this project anymore nice work. It will all be sold out during the 5 eth minimum period now, none of it will be left over for contributions less than that.
Also, making a last minute change like this and including this bit here:
"WARNING: If a contributor does NOT respect these rules they will NOT be refunded and they will lose their contribution meaning if for example a contributor contributes 2 ETH at 11:30 AM EDT that contribution will be lost and not refunded. If any contribution of less than 1 ETH occurs after 3 PM EDT it will also be lost and not refunded."
Is really kind of scammy. Are you even going to send an email out to let people know about these last minute changes? So that they don't do what they thought they were supposed to do up until just now, and accidentally "donate" their eth to you when they think they are contributing to the ICO? I haven't received any email, I wouldn't have known unless I checked here.