Yes, and by right-shifting by 1000000 bits, he's setting the value of bnProofOfWorkLimit to 0.
Correct.
Anybody using >> 10000 just doesn't know what he's doing.
Also you can see from getinfo that this coin started at 0 difficulty.
Have too agree with ya their, that piece of code makes me cringe and I would not run ANYTHING that came from that programmers hand.