Comment This is soo old! (Score 3, Informative) 103
I recall seeing a project on freshmeat in 1999-2000 about the exact same functionnality. Granted, it wasn't as refined as this one, but it did exactly what it had to do; sniff packets over the wire, decode them, and send them to your DSP.
This is old, and that's why people today use VLAN tagged phones to seperate VOIP traffic onto another network, combined with switches that don't allow promiscuous activities, intrusion detection systems, picky switches that don't like MAC changes, and voilà, problem solved for the distribution networks.
There will always be ways to tap coversations, and if you think you pots land line is secure *chuckle*, get real.