"... there are currently ~580K Ixcoins (as of 10th August 2011)..."
Who, as a matter of interest, has these 580k ixcoins?
"The mining difficult is silly small - for a few hours at least... So start mining asap!"
By the time other miners could come on stream, the owner of the 580k ixcoins will have a lot more, out of a total of 21million.
Other than that, I don't see any purpose to this poroject, and much potential harm.