Don,
I think the forums are great for dicsussion and exchange of ideas. The problem is that too often there is no closure. When there is closure it is implicit - somebody goes off and does something, or then again, maybe not... Who exactly is doing what right now in the OpenACS project? Nobody can answer that question AFAIK.
I think weekly meetings is not unreasonable to kick-start things, especially this spring where it seems there are loads and loads of important changes (AOLServer 4, Oracle 9i, noquote, I18N, 4.6 merge etc. etc.) and open questions that need to be coordinated and settled and we have an absolutely crucial release this summer.
In addition, I would like to see an openacs.org swat team formed that shapes up our website. There are about a 100 things that I can probably think of that need to get done. Here I'm just thinking about improved content, not the upgrade. Where is the task list, where is the roadmap? Who will head that team?