Yup, this is one of the principal ideas floating around for the origin of life here on Earth (as opposed to elsewhere - check out the GD thread Origins of Life for a discussion of panspermia as well).
For a quick surf through some general info of interest regarding extremophile organisms and their habitats, your friend can check out the Astrobiology Web’s Life in Extreme Environments page, with its numerous links. This page also links to agencies involved in research and some recommended reading.
Most recent peer-reviewed papers that discuss the role of hydrothermal vents in the origins of life are aimed at discussing the possibility of life on other worlds, e.g.:
Chyba, C.F., and McDonald, G.D., 1995, The origin of life in the solar system - current issues: Annual Review of Earth and Planetary Sciences, vol. 23, p. 215-249.
Farmer, J., 1998, Thermophiles, early biosphere evolution, and the origin of life on Earth: Implications for the exobiological exploration of Mars: Journal of Geophysical Research, v. 103, No. E12, p. 28,457-28,261.
A couple of slightly older technical references may be more useful for finding out what people think (some varying viewpoints included):
Nisbet, E.G., and Fowler, C.M.R., 1996, The hydrothermal imprint on life: did heat-shock proteins, metalloproteins and photosynthesis begin around hydrothermal vents?, in MacLeod, C.J., Tyler, P.A., and Walker, C.L. (editors), Tectonic, Magmatic, Hydrothermal and Biological Segmentation of Mid-Ocean Ridges: London, The Geological Society, p. 239-251.
Origins of Life and the Evolution of the Biosphere, vol. 22, nos. 1-4, 1992. (the entire volume of this journal is devoted to life around hydrothermal vents; other assorted issues also have relevant papers)
Oro, J., Miller, S.L., and Lazcano, A., 1990, The origin and early evolution of life on Earth: Annual Review of Earth and Planetary Sciences, vol. 18, p. 317-356.
Russell, M.J., and Hall, A.J., 1997, The emergence of life from monosulfide bubbles at a submarine hydrothermal redox and pH front: Journal of the Geological Society of London, vol. 154, p. 377-402.
Shock, E.L., 1996, Hydrothermal systems as environments for the emergence of life, in Bock, G.R., and Goode, J.A. (editors), The Evolution of Hydrothermal Systems on Earth (and Mars?): Chichester, John Wiley & Sons, Ciba Symposium No. 202, p. 52-60.
Hope these help get your friend started, and I hope he decides to come join the fun!