They're basically running a coldfusion only sourceforge that aims to host high quality projects instead of the code rot that is sourceforge. I wish them the best, It would be so awesome for something like this to come out with a .NET bias.
In the .NET space, we've got Workspaces. They actually have quite a bit of functionality and I commend them for providing the service at no cost. However, the performance issues almost make it unusable. I wonder if they'd be willing to open source the workspaces code to let people host their own workspace. I know, but chasing pipe dreams is so fun ;-)