That would be absolutely great (I see you've updated the original post for clarification). I, and probably most other developers, would find 2 far more manageable than 20. It would also be a nice way to have a GSOC-like program during a portion of the year in which GSOC isn't running.

(For information's sake, my project is x264, and if someone is interested in applying as a student, we can be contacted at #x264dev on Freenode.)

You can try sourceforge: http://sourceforge.net/people/helpwanted-latest.php

I notice how you use a lot of (parentheses), having you been using a lot of scheme or lisp lately? :)