This has been in the works for a while, but now it’s official: http://openacademic.org
The project is a collaborative venture between the Elgg team and FunnyMonkey.
In the next few weeks, we’ll be building out the infrastructure to support the project, including a development site to centralize the integration discussions and coding, as well as a svn repository for the codebase.
So, come on over and check out the site! And, if this integration is something that interests you, feel free to get in touch.