The X.Org Foundation is planning to continue their "Endless Vacation of Code" initiative and making improvements to this program that sponsors promising student developers to work on X.Org-related code projects.
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.