I like this idea as a repository of knowledge. Oral history is a remarkable took, when used correctly, as it personalizes major events and provides insights into events that would not otherwise be available to researchers. Furthermore, we live in one of the most exciting periods in history, with outstanding events that need recording before the people who witnessed them are no longer around to tell their story.
I would support a project like this, however, I would ask that it follow certain strict guidelines so as to help sift through the stories.