Yeah and it could be Scrypt/SHA256
I'm not sure, but i think the script BlackCoin used is available and the dev of FairCoin seemed to be able to put something together rather quickly, so it shouldn't be so bad.
The more I think of it, what has been done in FairCoin is an address swapping mechanism, they use
http://wafflepool.com/ (witch pays in BTC). So if you swap the HBN address for a BTC address and use wafflepool's infrastructure, then when the amount of BTC is big enough, you buy HBN and then distribute it back to the matching HBN address.
I think it's brilliant and could be done fairly quickly. at least it could be a start.