It appears that the PoW/PoS hybrid implementation has caused around half the blocks to produce PoW rewards and half PoS. This means that by the time we reach the block count for switch to pure PoS, we will have far less than the estimated 12 million coins, which was worked out by multiplying the per-block PoW reward by the number of available PoW blocks.
Rather than that, we will end up with somewhere around 6.6 million coins, making the coin far more rare. This will be occuring at block 7122, which will occur in around 15 hours (~10am UTC July 3 2014)
Again people, simply read the OP
Only around 6.6 million coins created by PoW