A trusted node in SolidCoin is a node which has a significant amount of SolidCoins (at least one million) in a special account. This account is used to "sign" a trusted transaction block to say that this person with a lot invested in SolidCoin agrees with the previous block.
But the 10 accounts that have 1.2M coins have unspendable coins. There is no investment. Nothing to lose (other than control). If there ever was another account that had 1M coins that were actually spendable, then that huge investment is dwarfed by the out-of-thin-air coins. So, SC's reasoning doesn't make sense. By allowing these fake coins to make a node trusted, he has broken his own system.
Don't forget the fact that these 10 accounts are controlled by a single entity (RS). The coins that back them are only "unspendable" for the moment, that could change with any release of new code. In fact, there is no way the peasant nodes of Solidcoin can enforce any rules on the control nodes or the block chain.
The only question is, will the value of a Solidcoin reach the point where RS decides to monetize the control coins?