Google have announced the great news that they'll be running GSoC again in 2011, and needless to say Sakai project is applying to be a mentor organization.
We've received inquiries from some great potential applicants already so we're really hoping to be accepted. I've been busy updating our blog and Google groups livery and, sending in our application to Google, and most importantly starting a new ideas page on Confluence. I've already asked Ian Boston and Carl Hall, past GSoC mentors and two of Sakai OAE's leading lights, to put together project proposals, and I'm about to throw it open to the sakai-dev list.
If you're interested in applying as a student this year keep an eye on the ideas page - there will definitely be some projects up by March 11th when applications from mentoring orgs close, and more will probably appear up to when student applications open on March 28th.
In the meantime, take advantage of your head start by getting to know Sakai and getting in touch with any ideas of your own - I'd recommend starting in #sakai on freenode.net or the Sakai-GSoC Google Group.