I think Stephen and Jp have adequately responded to Forum_Account's concerns. Not only can such attacks be conducted now (hell, you could clone the pager interface with BYOND itself) but open-sourcing doesn't make the attacks considerably easier.
Having the source code to the program makes it a lot easier to produce a convincing replica of the pager (or of the entire software suite). If Jp's response was directed at me it needs more explanation, I don't understand what he means.
There are many valid concerns about making the project open source. I'm sure it would take a non-trivial amount of work on Tom's part to set it up, all for the chance that a whiz developer might come along and make great contributions. It's nice that you're optimistic but I don't think you have a realistic view of how non-trivial it would be to open source the project.
Iain's concern is a real one (though again, with a bit of effort it's not something that couldn't be circumvented now). The hub throws a wrench in the idea of opening the software- would they open the site as well? Probably not. Instead, we might follow what Google does with the Chromium project- "OpenBYOND" could be worked with the not require the hub whereas the "real BYOND" would be a bit of a more proprietary version with hub integration. I think this is a valid point of discussion, one that hasn't really been brought up because we rarely get past Tom or Lummox saying "ugh. our code ugly. no open source."
SAx: Sorry, I should have made it more apparent, the combination of point 6 and the title of the post was supposed to imply that I will personally send Tom one thousand dollars if he releases BYOND under either of those OSI approved licenses.