We tried to outline some of the challenges of building such a system in our 
NANOG52 presentation:

http://www.merit.edu/networkresearch/papers/pdf/2011/NANOG52_reputation-nanog.pdf

In particular see slide 4. where we tried to lay down what we think the 
requirements are for a socially acceptable
reputation system.

With a bit of luck we might be able to announce the release of our system 
before the next NANOG mtg, but in
my opinion collating host reputation reports is just a small and the easiest 
part of the effort.  The key is in
solving the challenges of allowing (and incentivizing) participation and being 
robust to false information
injection.

I've actually encountered a system that was accepted for operational use once. Bad data was added at some point (bound to happen) and the system was shut down.

Thanks for sharing your slides, keep up the good work!

        Gadi.

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