It wasn't until recently that the X.Org Endless Vacation of Code initiative was actually taken up by a student developer, but in the past few months it has become more promising. There was the Gallium3D OpenCL work that finally began last year after there weren't any EVoC projects the first few years, then X.Org didn't make it into this year's Google Summer of Code, they're now sponsoring work on Nouveau re-clocking and some OpenCL testing work.
For student developers looking to be sponsored to work on certain tasks within the X.Org world (this isn't limited just to the xorg-server but Wayland, Mesa, or anything open-source graphics related basically), see the EVoC Wiki page.
Below is the talk by Martin Peres at XDC2012 trying to plan EVoC improvements.
The X.Org Board of Directors meeting was also held yesterday and its video has been uploaded too. But as usual, not anything too exciting out of that with nothing really original being brought up or other plans for real improvement expressed.