Yes I can confirm that I believe this is the best way to move the Primecoin Project forward. I will be on a consulting role to the foundation once it’s operational. Osamu is managing this task so look for announcements from him.

Primecoin has a very special PoW that is in my opinion as good as if not better than the original hashcash system used by Bitcoin. There is no reason why it cannot be the real alternative/backup to Bitcoin as a base currency network instead of any number of Bitcoin clones. What was lacking in the past was a better organization of the community resource and effort. It is my hope through the foundation the situation would change for the better for Primecoin Project and the entire Primecoin Community.