oops. I missed gr8guy’s first post up there where he mentions kinetic energy, and most of the posts that followed because I was busy typing.
Let’s see, here…
MegaDave has some good points too.
Now, like gr8guy was saying, if you made all the earth’s roational kinetic energy into heat, you could heat up something (say the earth) to the tune of
m * S(C dT)
Where (because I haven’t got the symbol font all worked out yet)
m is the mass of whatever you’re heating, and
S(C dT) is the integral of (C dT) on the Temperature range in question.
C being the specific heat (or “heat capacity”) in Joules per kilogram-Kelvin
T being Temperature in Kelvins.
Now, can we assume that the Earth has a constant specific heat? Umm… that depends on the temperature range… and on the material… The atmosphere sure doesn’t, over a range of more than a few hundred degrees… and the water sure doesn’t, especially once it boils… and, for all the gas turbines I’ve analysed, I’ve never done a rock turbine… so, I dunno about the rest of the earth… but if we assume it does, then the calculations get much easier…
So, yes, it does 
Umm… what’s that specific heat? Hard to say. If the earth was all water, it would be about 4178 (off the top of my head) J/kgK, like gr8guy said. Of course, boiiling the whole ocean would take a lot of energy. A LOT of energy… so we need to round up our estimate… and rocks… anybody know the specific heat of silicon, oxygen, iron, and nickel?
Hmm. Well, like gr8guy said, E = mC (T2 - T1) But as soon as you start getting changes of state (oceans boiling, rocks melting) you lose lots of energy just to make them change state. And don’t foget, a lot of the earth is already molten rock, which has a very different specific heat than if it were solid.
Another factor to consider: a lot of this heat might just radiate off into space, rather than penetrate down to the mantle and heat it up.
But, if we assume that none of it radiates away, and all of the Rotational Kinetic energy is turned into heat used to warm up the earth…
We should really figure out the mass of the ocean (or the volume and density), and the mass of the ice caps, if we’re really nitpicky, and do this in five steps:
First, heat up all the rocks, and all the air, all the watrer, and all the ice, to zero Celsius.
Second, apply the latent heat of fusion to find out how much energy it takes to melt all the ice.
Third, heat the rocks, air, water, and water that used to be ice up to 100 Celsius.
Fourth, apply the latent heat of vapourisation to the water and water that used to be ice to find out how much energy it takes to boil all the water.
Fifth, heat everything until you run out of energy.
(This approach neglects other materials that have a state-change on the temperature range ordianrily experienced at the earth’s surfface… there aren’t many, and the amonuts in which they appear are megligible, I’d guess)
A final problem: Not all of the earth is at the same temperature right now… there are places where it’s -50 Celsius, and places where it’s almost +50 Celsius. And, just a few miles down into the crust, it’s very warm indeed. I’m not sure how to take that into account.
On preview, I see that gr8guy has caculated the angular momentum of the Earth. Yeah, that’s the prefab formula I wanted.
I wasn’t completely sure there was no exponent on I or Omega. Boy, I must be getting old… my memory’s starting to go. 