It's always nice when a new player joins the Open Source team — it's even nicer when a big name turns up to bat. Up to bat yesterday was social-news site Reddit, hitting one out of the park with the Open Sourcing of its code.
The site, which is owned by Conde Nast — the company behind Wired, Vanity Fair, and Vogue, among others — has a reasonably-large contingent of users, though it's dwarfed by market powerhouse Digg. Reddit hopes releasing the source code for all to see — and tweak — will give it a leg up on the competition, as users will be able to code their own features, rather than waiting for the Reddit team to solicit ideas.

Interestingly enough, the site has a history with "free as in beer" too. Shortly after being bought out by Conde Nast, the site launched a cross-country tour offering free beer to celebrate.