A few people here didn't read the whitepaper closely enough.
1.2 trillion ether will NOT be issued at launch. At a tentative price of 0.0001 BTC, X ether will be raised. The initial money supply will be 1.5X, of which founders get .25X, ethereum reserve pool .25X, and fundraiser (investors) participants 1.0X.

After 1 year, total money supply is at 2X, with the ratios:

Founders .25X / 2.0X = 12.5%
Fundraisers   1.0X / 2.0X = 50%
Reserve  .25 X / 2.0X = 12.5%
Miners   .5X / 2.0X = 25%

Every year miners are mining .5X, this is the inflation rate

So year 1 inflation is (1.5X increase to 2X) = 33%   
Year 2 inflation is 2X to 2.5X , 25%
Year 3 inflation is 2.5X to 3X, 20%
Year 4 inflation is 3X to 3.5X, 16.66%
Year 5 inflation is 3.5X to 4X, 14.2%

I personally think the distribution model is a lot fairer than the way Nxt and mastercoin did theirs. I'm not knowledgeable enough about emunie or bitshares to comment on their model, but I think ethereum has more promise than any of these other coins PLUS a fairer distribution.