Answers in bold. I'm not a member of the team - just decided to share some of my common sense. Not trying to be rude or a shill.
Here is a re-post of my questions:
1- Will any of the IPO bitcoin be used to fund personal expenses like food/travel/accommodations?
If they are working 10, 12 or 17 hour days. Do you really want them having to scour the countryside for potatoes between debugging?
2- Prior to IPO, are we going to get a breakdown of where exactly the funds go?
Requires ether people
3- If underfunded, we will all get full refunds correct?
If they decide to call the project off after it has been funded before they officially start - then yea. If the project fails then no. You are screwed.
4- If ethereum "fails" for any reason after launch, and Vitalik decides to scrap the idea and do something else, will the investors get stake in whatever new project Vitalik takes on?
Again - if they call the project off because it fails. Then no. You are screwed. This is why people give you more money back than you give them if something succeeds. Sure bets come in the form of bonds & bank savings accounts
5- There seems to be a fair amount of risk involved here. Why is it that early investors are only getting 2K ether for 1 BTC? How exactly was this number arrived at? It seems very inflated for an IPO considering it is still a brand new tech that needs to be created, could very well fail, be copied, not have enough interest to see a return on the investment etc etc.
5a. Why not reward the early investors more for taking on huge risk? 10,000 ether per 1 BTC seems fair considering the risk involved.
The amount of ether given is irrelevant. It is a fraction of the pie. The investors are getting a fraction of the pie. Making it 10,000 ethers is the same as 1,000 if the pie grows by 10X
6- Theoretically will the cost of using Ether cause the price to always remain low? Because people would not use it if it's too expensive right?
This question has been answered and will continue to be as they discuss the cost of using ether that goes to the miners. Why not read their blog - blog.ethereum.org?
7a- Added these since last post: Will any of the devs/mods be investing their own money into the project to purchase for Ether, at the set 2k Ether/1BTC ? If so, approx how much will be purchased?
They already are. They have supported themselves for months while they work on all of the proof of concept stuff. They ARE funding the project themselves by creating the source code while funding their personal living expenses.
7b- What kind of appreciation are you expecting at one year, two years and 3 years? I know this is really does not matter, nor can it be accurately predicted at all. But I just want to know what is going on in your minds, even if it is not accurate at all. Helps me to better gauge where you guys are coming from. If you guys are indifferent that is useful to know as well. And yes, I understand you guys are primarily about developing tech, not creating another speculative investment. But I still would like to know where exactly you guys stand.
Ask a dozen people - get a dozen different answers. This is like asking Tim Cook what the price of Apple stock going to be in 12 months
Thank you for your time, I understand that you guys are working hard, which is why I tried to not bug you too much. But I really hope I can get some solid answers so I can gauge where I would be standing as an investor.
No problem
Ask away! 
Here is a re-post of my questions:
1- Will any of the IPO bitcoin be used to fund personal expenses like food/travel/accommodations?
If they are working 10, 12 or 17 hour days. Do you really want them having to scour the countryside for potatoes between debugging?
2- Prior to IPO, are we going to get a breakdown of where exactly the funds go?
Requires ether people
3- If underfunded, we will all get full refunds correct?
If they decide to call the project off after it has been funded before they officially start - then yea. If the project fails then no. You are screwed.
4- If ethereum "fails" for any reason after launch, and Vitalik decides to scrap the idea and do something else, will the investors get stake in whatever new project Vitalik takes on?
Again - if they call the project off because it fails. Then no. You are screwed. This is why people give you more money back than you give them if something succeeds. Sure bets come in the form of bonds & bank savings accounts
5- There seems to be a fair amount of risk involved here. Why is it that early investors are only getting 2K ether for 1 BTC? How exactly was this number arrived at? It seems very inflated for an IPO considering it is still a brand new tech that needs to be created, could very well fail, be copied, not have enough interest to see a return on the investment etc etc.
5a. Why not reward the early investors more for taking on huge risk? 10,000 ether per 1 BTC seems fair considering the risk involved.
The amount of ether given is irrelevant. It is a fraction of the pie. The investors are getting a fraction of the pie. Making it 10,000 ethers is the same as 1,000 if the pie grows by 10X
6- Theoretically will the cost of using Ether cause the price to always remain low? Because people would not use it if it's too expensive right?
This question has been answered and will continue to be as they discuss the cost of using ether that goes to the miners. Why not read their blog - blog.ethereum.org?
7a- Added these since last post: Will any of the devs/mods be investing their own money into the project to purchase for Ether, at the set 2k Ether/1BTC ? If so, approx how much will be purchased?
They already are. They have supported themselves for months while they work on all of the proof of concept stuff. They ARE funding the project themselves by creating the source code while funding their personal living expenses.
7b- What kind of appreciation are you expecting at one year, two years and 3 years? I know this is really does not matter, nor can it be accurately predicted at all. But I just want to know what is going on in your minds, even if it is not accurate at all. Helps me to better gauge where you guys are coming from. If you guys are indifferent that is useful to know as well. And yes, I understand you guys are primarily about developing tech, not creating another speculative investment. But I still would like to know where exactly you guys stand.
Ask a dozen people - get a dozen different answers. This is like asking Tim Cook what the price of Apple stock going to be in 12 months
Thank you for your time, I understand that you guys are working hard, which is why I tried to not bug you too much. But I really hope I can get some solid answers so I can gauge where I would be standing as an investor.
No problem