Jimmy started his opening keynote by showing the 
Wikia, founded by Angela and Jimbo, completed a round of venture capital financing after a long search for investors who were willing to meet my strong demands for support for the Wikimedia community. A portion of the money they raised goes to the foundation. Hired full time engineers to support the community, covering the boring bits. MediaWiki is amazingly fantastic and driven by volunteers. Will have a big impact on the software. We have a total commitment to free knowledge and respect for communities.
http://world.wikia.com.
Announcements:
* Today announcing that the Wikiversity: a center for the creation and use of free learning materials and activities. Create and host a range of free-content, multilingual learning materials, for all age groups in all languages. Host scholarly/learning projects and communities that support these materials. Host and foster research based in part on existing resources in Wikiversity and other Wikimedia projects. 6 month trial period and initially in 3 languages.
In the coming year, creating an advisory board. Help with partnerships, public relations, financing, technology, administration
Socialtext and WiktionaryZ. Will probably start to be functional later this year
* Free the Curriculum: Wikiversity. Proposes that we work with people like Taddy Blecher in South Africa to provide him needed teaching materials.
Others who covered this talk: Drew, David Weinberger, BoingBoing, Andy Carvin, Jason Calacanis, 
Ross Mayfield is CEO and co-founder of Ross Mayfield's Weblog which focuses on markets, technology and musings.
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