@fungus Yes, I did just happen to find it. I've been wanting to write something like this myself, but kept putting it off as it's a pretty big undertaking. I did find it difficult to find this system, I've been googling for open source inventory systems on and off for the past year without success so I was just hoping to share it with others who may be interested. I didn't mean to rile anyone up.
I personally don't have that huge of an inventory either, but what I was really looking for in a system is a place to keep my datasheets and notes for each part. I didn't find storing my datasheets just on the file system to be very convenient or efficient and I don't like looking up the datasheets on the internet every time. Other web systems I've looked at that can store files don't do it much different than your local filesystem. They usually have a single interface for uploading all your files then you still have to maintain a folder structure and then link the files to the part. With this system you upload files directly for each part.
I agree everyone may not be up to running their own web server, but it's not like it has to be hosted out on the internet. Running it local from a win7 box works just as well.