I've always thought that the Debian Release Cycle was a mystery to me because I involved enough in it. After poking around a bit more I realized that it has much more randomness to it then what I expected.
While that doesn't have to be a bad thing, it does make it a bit harder for regular users to get excited about it (and consequently, more involved in it).
So that led me to start a release cycle page, based on the email announcement back when Etch was released: http://debian-community.org/LennyReleaseSchedule/
Now that the basics are layed down, I would like to add as much interesting information as possible to it, ranging from what versions of the different desktops are going to be added (gnome, kde, xfce, etc), what has been accomplished and what not, to major kernel improvements.
If can think of anything to add, please, feel encouraged to do so directly on the wiki, and if you can think of anything else that might make this release cycle more interesting, comments or direct email to me is the a great way to keep this moving forward.