Hosting here might be an interesting exercise in our ability to grant projects we host their own look and feel. In other words openacs.org could point to our OpenNSD project page which then has its own look and feel (including navigation). The casual user wouldn't need to know it is hosted here. For all intents and purposes it would be a separate site though implemented as a highly-customized subsite.
My main motivation for doing this would be to give us a working example of how subsiting can be used to vastly alter look and feel of said subsites. We don't really have any good real-world example of this out there and I think it's a cool feature.
It doesn't have to be this way, of course, I offer it only as a suggestion.