I don't understand exactly why it's necessary to release usernames along with the passwords, or why it's ethical to do so. Stripping the domain portion of email addresses does absolutely nothing when you can find the real email, and other accounts of the victim, by Googling the unique part of the email address. How does tying each password to its corresponding username help with password research, and does the value…
What about research to determine to what extent usernames with words in a certain language will tend to use passwords with words for the same language? (More generally, is there any connection between the bi- or trigram distribution on usernames and the one on passwords? In fact, do they just look the same, or could you tell given a string whether it's more likely a username or a password?) Do usernames of people wit…
There are serious risks to having your username and password in a public list. Yes, all of these usernames and passwords were already technically publicly released, but to a lazy and ignorant script kiddie, finding or even being aware of those lists can be outside their grasp.
By aggregating everything into one list, you 1) increase the search engine visibility for all credentials, which means someone Googling the username of, say, an Internet commenter who pissed them off may find a plaintext password they could use to impact the person's life with much higher probability (I work in information security and have seen that happen on many occasions), 2) encourage script kiddies and fraudsters to spend time working through the list to find working accounts that other criminals have missed in the past decade, and 3) undo any work that paste sites like Pastebin and file sharing sites like Mediafire have done to remove copies of the database dumps. 1) may not apply if it strictly remains a torrent, but it'll probably be floating around public paste sites within a few days, which would likely mean search engine visibility for every username on it.
If even 0.01% of the users on this list have accounts compromised due to its release, then I don't think that cost justifies the research benefits relative to a more redacted version of the list.