This is awesome! Jeff Garzik is a great person to organize this. I may donate a significant sum (well, significant to me at least) to this project.
Are there threads on this forum where Jeff discusses this idea and his plans to bring it to fruition? I'd feel more comfortable donating if I heard that this is indeed going forward straight from the horse's mouth (or the horse's PGP key).
I see they have now received $23,000 in pledges:
https://blockchain.info/address/1M9MyyPsAak7zRjW4D96pTxDaAEpDDZLR7