iTWire is reporting that Google has launched a site for developers to host open source projects. The new Google site is a competitor to open source project hosting sites like SourceForge.net. Reports say that Google’s new site offers software storage and debugging facilities. The site is Google Code, and it has several things going for it:

• Innovative use of search, tags, and labels
• Works with IDEs like Eclipse and NetBeans
• Leverages other Google properties like Gmail and Google Groups
• Google’s infrastructure to support massive scaling, as in SourceForge’s 100,000+ projects and over a million users

There have been a few hiccups, of course, but nothing extraordinary.