I am posting this blog post to get a last round of feedback before we go live with a proper announcement on PHP.net. The current state of the discussion is available for all to read on the newly created PHP.net wiki. Please read through it and provide comments either in this blog, in an email to me or to the php-qa mailinglist.
They're also looking for developers to help with the web interface they'll need (the "simple back-end" that the moderators can use to handle the incoming test submissions). Complete information about the event can be found on its wiki page.