A relaunch won't fix the instamining problem if you do an airdrop to the original miners because the instaminers get coins too.
Whatever issues there were with moneysupply and checkpoints seem minor, and I see no reason to think they couldn't be fixed in a future update.
It feels like you are making up really lame excuses because you were planning on instamining more coins but other miners got to it quicker than you had hoped.
Good point, how can this coin continue with development if the devs don't get any coins though, that's the way of it. Like it, love it, or leave it...
I support a relaunch of this coin, it should be given a fair shake for the people that paid for hash though, I spent about 0.3BTC on mining rentals on nh and would rather see this coin relaunched with a take for the devs so that development continues than continue on this fork. This coin can be huge imho.