Lots of people have suggested it. Very few people have dedicated their time to helping do it, though. Welcome to the 'other people should do this' club!
I don't know what the gp's skills are, but assuming he's not a computer security professional then the 'other people should do this' club is exactly the club he should be in. Would you trust his audit of the code if he wasn't heavily experienced? it's the same case as "don't roll your own crypto".
There's a difference between "trusting his audit of the code" and "trusting his code". Any interested and motivated person can audit code. If nothing is found, that might not prove much. But if a vulnerability is found, the audit was worthwhile from some perspective.
Sure, so long as the bug is a genuine bug and not a misunderstanding. Debian's openssh valgrind warning springs to mind. Crypto implementations can be subtle and non obvious. Maybe it's crap design for that reason, but it seems like it's what we've got to work with currently.
That bug affected OpenSSL as well. Admittedly, it was caused by the Debian maintainer, but still, OpenSSL's poor design is partially to blame.