YAPC::Europe 2007 left Vienna.pm with quite a lot of money. We want to give part of this money back to the Perl community by hosting the Winter of Code (with apologies to Google...).
You can find detailed information in our new and shiny Wiki.
For those too lazy to follow links, here's the super-short summary:
Please check out the wiki for more information, and discussion. We may even set up a dedicated mailing list for Winter of Code... Stay tuned!