Dumbest idea ever. If what doesn't need to be duplicated a bazillion times, is Launchpad, since the 1 launchpad helps tie in so many things together.
But nooo, people will now go off spawning their "Bobpad.net", making it a) harder for translators since strings won't be shared between projects as much, b) harder for everyone else when they want to search for a project.
Isn't Google Code not open-source either? And sf.net's last download package is from way 2001. Amusing and sad that canonical caved in to random trolls.