The advantages:
1 You will get to learn a lot working on a live system.
2. You can introduce as many features as you want.
The only thing I ask is to maintain the code working.
Do you guys think, it's a good idea to open source it? Please email me if any one of you is interested, I can open source the repository on github.
Details about the project: It's called Finderous (http://www.findero.us) and is about location based tiny interest groups. It is an iOS app and the backend is on PHP. I have seen fair amount of activity on it from some loyal members, though its not too great.
But I think it can be made great with open sourcing and adding new features.
Shoot me an email if you are interested.
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