As Don mentioned, I'm doing some work on bookmarks. Peter Marklund has also expressed interest (he did the port), and I hope he's still interested.
I can handle the PostgreSQL side, perhaps with Peter. Maybe someone else will volunteer for the Oracle side (which may need less work)?
To do for 4.6 (PostgreSQL):
1. Check out the many problems I've seen with 7.1.3, see if they occur with 7.2 also.
2. Nuke the show-stopper bugs. (Crashes, inability to move or delete bookmarks.)
3. Fix subsite awareness. To do this may require using the entire tree_sortkey from acs_objects, instead of the truncated version currently in use. (Which means we'd need an upgrade script.)
4. Fix the interface so that a user with admin privs doesn't add bookmarks to another user's page quite so easily.