It has been a while since my original announcement of systemd. Here's a little status update, on what happened since then. For simplicity's sake I'll just list here what we worked on in a bulleted list, with no particular order and without trying to cover this comprehensively:
Read the full thing at http://0pointer.de/blog/projects/systemd-update.html
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Warped Systems
http://www.warpedsystems.sk.ca/article.php/20100824060327478