Hi folks :)
As you might have heard we've been working on Wikidata (http://meta.wikimedia.org/wiki/Wikidata) for a few months now. The first phase of Wikidata is about centralizing language links in Wikidata. We are getting close to a first deployment of this on the Hungarian Wikipedia and then probably the Hebrew or Italian Wikipedia. I wanted to give you a heads-up about this. A few people have already started working on bots to migrate language links to Wikidata where desired. (The current system will continue to work.) This includes the PyWikidata library. You can find the current state here: http://meta.wikimedia.org/wiki/Wikidata/Bots.
I also wanted to let you know that we'll unfortunately have to break the API after deployment. I'll keep you updated on this. It might be wise to wait for that to happen before transitioning existing bots.
Please let me know about any questions you have.
Cheers Lydia