As more people get on board the Bitcoin bandwagon, it appears that mining is becoming an ever increasing endeavor.

I do need to say... Dont get rid of your mining equipment as there is something just around the corner .... and its not an alternative to Bitcoin, its just using the current system a bit different to increase mining returns and not decrease them, the closer we get to the magic 21

Sorry to be vague... all I can say, is that it will remain open source  

I will be releasing more information on that part of the project along with other developments, which you can follow on my RimBit site