http://drupal.org/project/project

This module provides project management for Drupal sites. Projects are generally assumed to represent software that has source code, releases, and so on. This module provides advanced functionality for browsing projects, optionally classifying them with a special taxonomy, and managing downloads of different versions of the software represented by the projects. It is used to provide the downloads pages for Drupal.org.

http://drupal.org/project/project_issue

This module provides issue tracking for projects created with the project module. It allows users to submit issues (bug reports, feature requests, tasks, etc) and enables teams to track their progress. It provides e-mail notifications to members about updates to items. Similar to many issue tracking systems. You can see it in action at http://drupal.org/project/issues.

What I am waiting for to get out of Beta for the http://utolabs.asu.edu site:

http://drupal.org/project/casetracker

My vision is for this to be a the tracking and communication system for enhancements to a project. It will also help create "coalition's of the intrested".