It works for me. Cathedral is analogous to free software being a religion. It is a theocratic worldview that has a zealous following that must apply the rituals of old. Bazaar is the marketplace. It is supposed to be a efficient market metaphor for software being transactional and not relational.

Is this a perfect metaphor? I think its a rigid way of looking at software on either side. I think it is more grey. I like the merits of both sides.