I hope someone will take the time to code an open source version of the published algorithm, or something close to it!
An open source version would be a significant act of charity. It would be nice to see older versions or versions that were crippled enough to be education without watering down the reward that the winnners receive.
Open sources projects have already been created in Python, Java, C, and C++. None of these projects include the full algorithms from the 2007 or 2008 papers.
The projects can be found from links on the Netflixprize forum: