1.
Completely missed that.
Too bad you didn't bump the old MasterCoin thread, I might have jumped on your offer

In any case, I'm currently not looking to co-found it, but might serve on the board of trustees if you'd like.
I will not require any salary from the board, and you, as the main developer/founder, will be entitled to some agreed upon salary.
I think Meni Rosenfeld might also be interested to serve on such a board.
Of course, if you decide you do not need a board and want to be the treasurer yourself, that's fine too. Also, for the initial fundraising, an m-of-n address is not strictly required - you can always transfer the funds to such an address later. The fundraiser might be more productive (because of the greater trust) if it started with a trusted board and an m-of-n address. Now that I think about it, you can even release an update to the protocol that changes / adds a new Exodus Address while the fundraiser is still going (it would make the protocol less 'clean', but there are benefits).
Anyway, I'm just trying to benefit MasterCoin here, no hidden agenda of myself, feel free to decide what you feel is best.
2.
FYI, I just posted about this thread
in the alt forum.
3.
I wouldn't mind spending some time editing the whitepaper for added clarity (like I have too much free time

), assuming it is in a format where you can indeed easily see and verify my edits. I voiced most of the points I'd like to edit above.
4.
How about MSC as the abbreviation? (FYI MST is taken by the usurper)
You could brand the coin it as an M.Sc. student

5.
Good news - I have just registered mastercoin.org on behalf of the project!
I can't believe you haven't registered that domain already in the last year...

For now I made it a redirect to this thread.
I kind of like what Sunny King has done with ppcoin.org and primecoin.org - you might consider doing something similar with mastercoin.org
6.
FYI, I posted about MasterCoin in the Hebrew Bitcoin forums (Facebook, Google Group), and made
a short article on our wiki. There is some positive interest.