With the current buy orders on Poloniex totaling .025 BTC across 4 total orders the outlook for this does not look good.
Unless some type of unique marketing/promotion goes on to draw people in I can't see how this would take off.

I agree that the reward structure is unique but think it may be a little too tough to get the miners to stick around.

With a 61.5% chance of a block being 1 coin, which current value is about $.05, that reward distributed among a mining pool it is more than likely going to cause miners to move on and not stick around unless something is done beyond a short term pump. I really like the multi-algo mining but feel the reward structure could be the downfall.