I say let's go for it. We can always apply to be a sub-org, and if no project/student combination seems is suitable given the mentor volunteer(s), I don't think there is any problem with not accepting any. The fftpack project sounds reasonable. I can at least be a secondary member, possibly a primary depending on my time this spring and summer.

I can also be the SciPy sub-org admin, since I'm usually one for another sub-org anyway.