If I was considering whether to incorporate code covered by this license into my project, I would have to reject it based on the license. So it would be hypocritical for me to release code under this license.
Line 2 is vague: how much wealth? How much fame? And how much credit?
Line 4 is also vague: what is "evil"? What is "good and fair"? Is a pharmaceutical website "good and fair" (they save people's lives!) or "evil" (they put profit above saving people's lives!)?
If I need to ask a lawyer just to find out whether I can use some code... I won't ask the lawyer, I just won't use the code.
if the line "Don't be evil, but create what is good and fair." implies that the code should not be used for creating malicious things, than this is not a free license. See also problems with JSON license: http://tanguy.ortolo.eu/blog/article46/json-license