No, I don't have time to clean up the code, port it to the latest AppEngine API, etc.
The Faucet was the simplest possible project I could think of to get my feet wet with Bitcoin; the hard part is preventing cheaters who try to get more than their fair share, and I was never able to come up with a really good solution (that is tied into the whole identity-on-the-Internet thing, which nobody has solved).
Maybe you could come up with some kind of "proof of work" scheme to give a fair share of BTC
out to everyone
Edit: Ha, was supposed to be a funny comment, but could actually work. Just make a faucet coin client using a proof-of-work scheme a la Yacoin (scrypt targeted to CPUs) and then trade these tokens for faucet bitcoins. It still depends on the number/power of CPUs you have, but would somewhat alleviate the IP/idententity problems..
Its like trying to turn the clock back a little bit when bitcoins could be mined without ASCIC/GPUs.