I believe this is a great project and have been crunching seti numbers for quite some time now. I do like the idea of giving my users a chance to pick the project they would like to participate in. It will be interesting how it plays out.
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.
