Not Blender news, but think of Jahshaka as Blender's cousin. As an open source project Jahshaka was part of the Open Source Pavillion at Siggraph with us. Jahshaka is a realtime editing and effects system supporting Linux, OsX, Irix and Windows, and is certainly an up-and-comer in the open source graphics/film community. They certainly got plenty of attention at Siggraph, so I expect nothing but good things coming from the team.
They are having a contest for the start up screen that will be in the final 2.0 version (they are in RC3 and RC4 is fast approaching), and it's down to 12 finalists. They are all video startup screens and each is really nicely done and I am sure some (if not all) had Blender's help.
From the site:
The V2 Startup Screen contest was awesome and we have selected the finalists! Now its up to you to help choose the winner! We narrowed it down to the Top 12 so take a look at the awesome entries in the winners circle and vote for your favourite entry!
If you haven't tried Jahshaka out, now is a great time to take a look as well as vote for a finalist if you are so inclined.