I just uploaded my application to Google's Summer of Code web app, and I can say I'm quite proud of its current state. The application has seen a couple of iterations based on valuable feedback by Adam Light and Derek Wright, both of which are working on RCS stuff for the Project module. Being fed into Google, this means that the Drupal mentors can now place private comments and supporting votes there.
Given that there are a good number of comments on some of the other proposals in this group, I'm still wondering if there is something I can do to spread the word and get more input from the greater public. After all, work on the Project module severely affects the great majority of drupal.org users, and getting rid of CVS as a hard dependency should really be discussed in the wider community. So do communicate your opinions about my application, its benefits for Drupal, its chances to get elected, its shortcomings, challenges, etc. ...I'm listening.