I updated the proposal at http://wiki.apache.org/incubator/CloudStackProposal. I have included the embedded source dependencies, binary dependencies, and contributor e-mail addresses. There are some open questions in the dependencies (e.g., treatment of dependencies that have no discernible license), but my impression is that these issues do not need resolution before entering incubation. Please correct me if that's wrong.
I believe the proposal is now complete, pending additional feedback. -kevin
