Two things that would make this addon a big hit with my guild.
1) Players bid by linking what they are upgrading from to the master looter. When FuriousRaid list the bidders and current points it also links the bidders current item. This allows the winner to see what the person below him is currently wearing and feels bad for him. lol.
2) A way to choose where the bidders list is posted instead of raid chat. Maybe a list box for what channel to post this info to.