Amazing that this idea was sitting unimplemented right under everyone's noses for so long. There are almost certainly more.
Geni, Gmail, Flickr, Facebook, and the new Evite competitors come to mind as examples of people ignoring that affect.
Just remember that implementation/execution (no matter how 'simple' an idea is) is a bitch
... and initial ideas aren't often that special - they often change and evolve.
I'd get more excited about finding the people who u can trust, work well with, and who also have the craziness to either jump off the corporate/college safety net or to work their nights and weekends towards completing something worthwhile