30 * 1000 + 3 * 30 * 500 + 3 * 30 * 500 + 10 * 30 * 100 + 25 * 30 * 50 + 25 * 30 * 50 = 225000 minutes = 156.25 days
This is not really a lot. The remaining time will be used by Planetary Resources. There is no way for public to continue using the telescope after that.
a) The vast majority of satellites are "prototypes." They're built a few at a time, extensively tested, then launched. In the case of satellite frameworks like Cubesat, they're open source and tested every time someone launches one.
b) This is not untested tech, at all. Cubesats have been using consumer technology in satellites extensively, both by startups, hobbyists, and academia (doing advanced stuff like orbital reconfiguration, atmospheric sampling, telecommunications, etc). Combined with NASA's existing suppliers for aerospace grade components, these satellites which have a really high success rate.
Colloid thrusters (or other ionic propulsion), or even a chemical hybergolic propellant (hydrazine + oxygen for example) would work perfectly for propulsion. This is a solved problem, so much so that there are off the shelf modules for cubesat propulsion.