Bhushan Shah is the student open-source developer responsible for porting Plasma Media Center to Qt5/KF5 over the next few months. So far he's been able to port the Plasma Media Center welcome screen and media browser over to Qt Quick 2.0 and Plasma Next components. He's also done some cleaning of the source tree.
For those KDE Plasma Media Center users wishing to find out more about the porting to the next-generation KDE stack, Shah's update can be found via this blog post.
Besides the KDE GSoC work, Google is also funding a lot of other interesting open-source work this summer.