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The coder module carefully checks whether a contributed module conforms to the Drupal code comment standards. However, Drupal.org is not doing anything with the code documentation. Perhaps automatically generated API docs can be generated for modules with a sufficient level of conforming documentation, much like PEAR does for its projects.
Because projects are also nodes, they feature a "Posted by" line at the top of the page. Especially for old projects, where the original maintainer may have stepped down, this line adds no information to the page.