I think this would be interesting. (
Shall we try another project?)
I coded YoungCMS with a lot of help from our senior members. I've been wanting to put it online for some time now, since YC Labs has long since gone. So, I imported everything into Bazaar (since Subversion seems so 2005) and put it up on Launchpad.
If you're interested in fooling around with the CMS, go for it!
https://launchpad.net/youngcms/
This could be good in a way, because I spend quite a long time coding the "new backend", which would make it much easier to develop new features (or even make old ones better). But after all that coding, I only managed to use this new backend to get all the previous features back. Now maybe it could be put to better use. (I still learned a lot while making that).
I could help anyone interested get used to the structure and do a bit of "showing you around" kind of thing, if required, but I won't be able to contribute for some time, I'm way too busy.
YCMS is also completely themable.
I don't think we should look at donations or any such thing. Launchpad is really good for most developing kind of stuff. It also has FAQs, which we can almost use as a Wiki. If that doesn't work, then host it on Google Code also, where you can say code hosted and issues tracked externally and use only their Wiki.
Still, I'm sure we've code some other YC code lying around, and I'm sure we could start those other projects also. I just commented on YCMS because I know so much about it.