I should disclaim that we were building this exact tool under the domain Twundles and Twitter came out with this right as coding was going on.
While this new lists feature greatly simplifies sharing groups of people you want others to follow, and cleans up the confusing #followfriday, the public listing side is greatly messed up.
The issue comes around the naming and sharing of public groups. Since the groups are stored under the person that created them, you can have numerous lists that technically have the same name across Twitter. (the site Listorious shows this off accidentally.) The better option would have been unique naming with the ability to allow others to edit your list, if you so desire. You could open the editing to specific named Twitter users, those on the list or everyone.
While this would create a race to get the best list names and control of them, it would also streamline searching, finding and using the very best lists Twitter offers. There are countless lists already for social media, authors and even companies already forming. How th