In case this doesn't get many upvotes or comments, you'll probably be interested to know that it's been submitted quite recently. Here's the search to find some of the items talking about it:

http://www.hnsearch.com/search#request/all&q=traceroute

And here's the major, but by no means the only, discussion:

http://news.ycombinator.com/item?id=5192656