A few days ago, Sun announced that is going to sponsor Open Source community with $1M. In my opinion this is a great way to encourage students to get involved with Open Source projects.

One of the sponsored projects is community for researches related to operating systems, called OpenSolaris. The list and wiki for the OpenSolaris Community Innovation Awards are now open. If you'd like to get involved, please go here:

http://www.genunix.org/wiki/index.php/OpenSolaris_Community_Innovation_Awards