I just took a quick look at the statistics for the OpenMoko project and it made me happy.
Currently there is 3500 revisions in the svn repository and bugzilla has reached 1022 bugs, 241 of them are still open. The wiki has 3685 pages and 6090 registered users, and maybe more impressively, projects has 1507 developers and 81 projects registered.
The IRC channel on freenode has stayed at around 320 people for the last six months and there's a lot of interesting discussions going on. It's a friendly atmosphere and people interested in the project are encouraged to drop by. Usually, they get pointed to the right place in the wiki, where most questions have already been answered. A good page to read if you want to know what is going on in the project is the Community Updates page. Right now it has not been updated in over a week, but I'm sure it will be soon.
Unfortunately, a hardware bug in power management with GTA02v4 has required a fifth revision of the hardware for GTA02. It's a bit of a shame that the release will be delayed even further, but I'd rather have good hardware later, than something broken right now.
The most interesting code changes in OpenMoko recently involves gsmd, PhoneKit(pdf) and the dbus interface to it. The dialer and sms handling is also being worked at in a furious pace by the OpenedHand guys. Since about a week, calling has worked without any problems for me. Power management has been improved and the phone should last at least a day now.
Also, some guys from Ixonos have been working on an alternative to gsmd, gsmd2. I haven't looked at the code, but they have some very nice documentation and a detailed specification. Still, lots to be discussed it seems.
The GPS binary driver is still not available for download. OpenMoko have been promised by Global Locate that they will be able to distribute it, but the legal terms are not yet set. Hopefully this will be solved soon.
All in all, a lot is going on and the software will be in pretty good shape for when the GTA02 is released.