...in the past year, Cambrian has become a leader in software crowdsourcing, bravely inviting one and all to contribute their ideas and brainpower to developing mass-market Web applications.PROFIT magazine, Mar 2007

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People
Ideas
Businesses
Connect with talented people.
Collaborate on ideas.
Realize your vision.
It's free! Like love in the sixties!
craigslist.com has this feature already, along with a very large userbase.
That's not to say it couldn't be done better - especially if it were tied into social networking sites like MySpace
oops - I mis-spoke -- they have a feature similar to what you have described. Also, they don't take money from either party.
It's been done, as far as web services/coding goes - http://www.scriptlance.com - basically works the way you describe. Buyers put money into their accounts, solicit developers on the site, and when the work is done, the amount agreed is transferred to the developer's account.
I agree that somthing similar has been done...
This way I think could be more profitable
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And while you're busy making friends on the CH community, why not invite your own friends to join?
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