On a related note, you might also be interested in Simon Funk's enjoyable write-ups ([1] [2] [3]) on his explorations into using SVD for the Netflix contest. I particularly liked his focus on the speed of and twiddles to SVD.
By the way, I am no longer playing with the contest, but I should admit that I never got anywhere near the performance of these contenders. For more on that, see my post, "Latest on the Netflix prize". Interesting that my prediction in that post -- that additional data on the movies from another source will be necessary -- so far has turned out to be wrong.



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