1. Yes. However I think our current technology is inadequate for the task. As is usually the case some kind of monumental change will occur which will open entirely new methods of communication. (My $.02 would be on some type of quantum communication).
2.) Sure, It's (relatively) low cost. I would put it under the "Can't hurt might help" category.
3.) JIC. Great idea, if for nothing other than the raw computing power. I would LOVE a linux/390 client. I realize that the S/390 MF hardware is going to have alot of overhead with the Flops, but it would be neat to see how it performed.
SETI@home and Astropulse are funded by grants from the National Science Foundation, NASA, and donations from SETI@home volunteers. AstroPulse is funded in part by the NSF through grant AST-0307956.