Because the open source geo-coders cannot begin to compare to Google's or even Yahoo's, I would like to start a project to create a good open source geo-coder. Just to clarify, a geo-coder takes some text (usually with some constraints) and returns one or more lat/lon pairs.
I realize that this is a difficult and garguntuan task, so I am wondering how you might get started. What would you read? What algorithms would you familiarize yourself with? What code would you review?
And also, assuming you were going to develop this very agilely, what would you want the first prototype to be able to do?
EDIT: Let's set aside the data question for now. I am going to use OpenStreetMap data, along with a database of waypoints that I have. I would later plan to include other data sets as well, and I realize the geo-coder would be inherently limited by the quality of the original data.