Correct me if I'm wrong, but this will only produce approx 29,000 coins per day (576 blocks) if Kimoto's Gravity Well keeps the block time on target at 2.5 min. Given this, a 10,000-20,000 block premine is ridiculous. 500,000 or 1 mil coins compared to block reward of 50 max and OP will have a very large share of total coins.

This is where Aliencoin screwed up, greedy premine (compared to coins mined in a reasonable time frame) killed his coin