I love research, and I feel like having all of the sources in one place would save someone writing a paper a lot of searching. Even if it never becomes a widely used website, I feel like it could just be a project I could work on to keep myself busy. Then again, you could always just use the reference section of Wikipedia. Should I do it, or should I devote my time to something else?
If it helps you and you find it worth your time, go for it.