Heya folks :)
Denny just took the time to write down some of the high-level things that the Wikidata development will take as a base and guideline for all the work that is to be done over the next year. You can find them at http://meta.wikimedia.org/wiki/Wikidata/Notes/Requirements I hope this helps to get everyone on the same page and clarifies some basic things a bit more. If any of this is unclear let me know please.
We now also have a Twitter and identi.ca account that you can subscribe to if you like. They are at http://twitter.com/wikidata and http://identi.ca/wikidata
Cheers Lydia