There's a new version of dev-tex/algorithms available (2006-06-03) at CTAN. Check out the referenced CTAN URL, and also see bug #116733 for reasons why the previous version was included. :) Anyone need a hand updating the ebuild?
# Andreas K. Huettel <dilfridge@gentoo.org> (30 Sep 2010) # Masking for removal in 30 days # This package is obsolete, texlive contains a way newer version dev-tex/algorithms