I can't remember, who is actually holding the private key for the dev fund address?

Seems like there is enough value present in the dev fund to attract would-be developers, although it seems like it's actually BTC38's coin at this point and whatever they want to do with it will probably be the law of the land.  For the sake of history and speculation, I'll even guess that kimoto and BTC38 have had some talks.

Any other guesses on why MEC miraculously went from nill to 2+ CNY?

http://www.btc38.com/trade.html?btc38_trade_coin_name=MEC