That's good if you have heat under you, and it's fairly close to the surface, otherwise it'd be too cost prohibitive to get to it.
With that being said though, even though it seems like wow 'free' heat. The maintenance on the stuff can be extensive, especially in corrosive environments.
There are other markets for that heat as well, such as heating. What if you live in Iceland for example, instead of turning it into electricity to turn it back into heat, pipe the steam to the houses / industries for direct heating, manufacturing process' etc. That is fairly popular in several areas as well. In reality you might even be able to double bang it. Bring it out at say 600 F, make electricity with it and then send it out use as heating for your soup factory or leather factory at 400 F, and get the rest of the heat out of it.
There are many alternatives to a carbon based energy but at what cost? At what convenience? Those are the two most important questions at the end of the day. If you can't afford to pay for it, then it don't matter how green it is.
Aaron