Hi List, I made it before the deadline and submitted a proposal for the GSoC 2012. Its about developing a bugtracker for Org-mode and with Org-mode (and PicoLisp).
The name of the application is bugpile, and it serves as an example project and proof of concept for the second, more conceptual goal of my proposal: merging Org-mode/Git and PicoLisp into a single framework for dynamic web-progamming and content management (that will be called iOrg - interactive Org). On April 23 Google will announce the accepted students. If you want to learn more about my project, have a look here: http://orgmode.org/worg/org-contrib/gsoc2012/student-projects/bugpile/index.html -- cheers, Thorsten