We're going to be participating in the Google Summer of Code again this year, but this time, under the Python Software Foundation's banner. Here's our wiki page for GSoC ideas, mentors, and students:
and the PSF page with more details for signing up, etc.
Application deadline for students is Friday, April 8, so please hurry! I believe student registration opened up today. Feel free contact us in firstname.lastname@example.org, or #mailman on freenode IRC.