Open Source Data Logger Project Using the Arduino?

I am thinking about creating a specific website which will act as a central resource for open source data logger projects, allowing the less technical to communicate with us with there project idea's. Additionally, It might also work as a place for developers to share code between each other and exchange idea's.

I had plans on competitions, prizes, etc to generate interest and give some incentive for everyone to contribute, I have had both positive and negative comments on implementing this.

What do you you all think? Good or bad idea?

I noticed that this thread has been viewed over 10,000 times!! It would appear that there is a lot of interest out there.

I think it a brilliant idea! The views of this topic is nearly hitting 50,000! :o
So was the central depositry site for data logger projects created yet? ;D