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This is old news. They announced they were going open source back in 2008.

Here's the blog post: http://blog.reddit.com/2008/06/reddit-goes-open-source.html

I actually installed Reddit on a EC2 instance back in May from the official source code off of GitHub, so this definitely isn't something new.

On a related note, documentation for installing and maintaining Reddit is nearly non-existent. Very frustrating. I ended up taking the easy route and installed on a recommended Ubuntu image and used their Ubuntu-specific install script.