i am sceptical ( a tiny bit ). according to some sources the company behind auroracoin is located in panama.
Its not in panama.
Anyways, I dont doubt the dev's sincerity, but something like this requires tremendous planning and support in order to work properly. It doesnt seem the project has either.
We will see.
The project DOES have support and planning, only it is not something that is done by one entity while everyone else is waiting for it to happen with a bowl of popcorn on their laps!