I think Seti@Home is a great way to log stats on the performance of a distributed computing farm, however since I believe we're already in contact with Aliens, I believe this project's goal to be a waste of time...
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.