Keith Casey has announced the first (ever) Release Candidate of the web2Project project management system that follows "the concept of a Rich Internet Application (RIA) we will be providing an interactive and effective way of managing projects."
I could talk about commits, issue counts, etc, but that's actually the least important part...As of early morning EST on 13 April 2009, the web2project Release Candidate is live: web2project-v1.0-rc1.tar.gz
His post details some of the recent improvements to the software - fixes to Department filters, a major update to Cascading Tasks and a call for testing from the development community.
You can try out a demo of the tool here and learn more about it in this webcast.