Well I did not expect that much when MySQL offered us to piggyback on their participation in GSoC 2008, but at the end we have two projects. One is about blobstreaming which I absolutely don't know and is probably some amazing new technology :-). Marc will act as a sponsor on this together with some guys from http://www.blobstreaming.org.
The second project is setup rewrite where I will act as a mentor and Piotr Przybylski will implement it. Hopefully we will bring this to successful end and soon phpMyAdmin will bring you easier way to set up and configure it's options.