Hi,
Google summer of code for 2008 is now on. Students
interested in developing for open source projects can
check out the site.
As to what google summer of code is, this is
official word...
"Google Summer of Code (GSoC) is a program that offers
student developers stipends to write code for various
open source projects"

For more info...
http://code.google.com/soc/2008/

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