It bothers me but I will absolutely still use Zcash. I would -- after this tech has matured -- LOVE to see a fork with no reward.
Even better, I'd like to see a zerocash sidechain to bitcoin (with no reward).
On another note...
Correct me if I'm wrong, but I don't think a fork would need it's own trusted setup. It could reuse the same public parameters that will be set up by the Zcash team. I haven't looked at that part of the code myself, so I'm not certain. But generally speaking I don't see any reason why a fork would need to do its own trusted setup step -- as long as they trust that the zcash trusted setup was't compromised.
One last note....
While I do want to see a "tax free" fork of zcash, I'm happy to wait until we can implement it as bitcoin sidechain. Absent that, I'm not convinced we'll get anywhere near the network effect we need for a fork to be successful. So while I'm not super stoked about the captain's funding model, I have no intention of jumping ship. I like where this project is going.
But devs be warned: as soon as bitcoin implements sidechains, there will be mutiny afoot! ;p
[I suspect a significant-but-silent subset of the devs would like to see that too. No hardcore cypherpunk really wants to see their coin be taxed. I strongly suspect the Founder's Reward is seen as a "necessary evil" by many of the devs.]