I'm not sure whether this is applicable but my main objection with this article is that the numbers don't add up. How many Ph.D. candidates do you know who are granted a budget of $10k+ to do their research? Surely something else must have been going on to shrink the expenses to a more acceptable amount.
Then again, according to the wikipedia page the original BackRub was conceived when the web was only 10 million pages large, $2000 is considerably more acceptable for a Ph.D. project.