So basically all the IPO reserved now will be taken from the main 20 BTC investor unless someone puts up anything higher, which would still mean for people investing single digit BTCs that they would barely get anything. It would also set up the possibility of a negative ROI and someone just dumping their millions of coins after a month.
I doubt it would be a negative ROI. Given the following: The dev seems competent--winning the little Maths off with some user (ending, if I recall in no final retort from the other person); The fact it's CPU only (and not a clone or fork); the fact that it got a 20BTC investment on day 1! (or was it 2?); The amount of FUD right off the bat, that speaks volumes to it (from my experience people dislike what threatens them or their investments--I read this as this can go somewhere); The investments even after that huge investment; a new retargeting algorithm.
I think there's a lot here. Even at ~100,000 coins there'd be a lot.