What begins with a G, ends with a E, and can run at 50 miles per hour?The answer, it seems, is Gazelle (not Giraffe as I first thought -- they can only manage 32 miles per hour), and once you input the correct answer you're presented with a link to Project Gazelle.
There's no information yet as to what Project Gazelle actually is. If you know, please leave a comment. Wild speculation is heartily encouraged.
On another note, What.cd have secured hosting at PRQ and expect to move their operation there ahead of the December 1st deadline that was imposed on them by Leaseweb.
Edit: Project Gazelle is apparently the new torrent site source that What is making. If he pulls this off, you could be looking at a replacement for the ageing yet ubiquitous TBSource.
Edit 2: What.cd have now posted a news bulletin about Project Gazelle:
Well, I'm sure you've all seen our latest riddle, What begins with a G, ends with a E, and can run at 50 miles per hour, so I guess its time for an official announcement. The answer is 'gazelle', and if you guess correctly, the page links you to http://projectgazelle.org. Project Gazelle is the official name of our new sourcecode.
Our sourcecode is meant to be the foundation of a high volume website, and has been designed around that concept. It has full memcached support, and the vast majority of the pages should be able to be run using only one to three queries - for the end user, this means "lots more users, and a very fast website". This is a pretty impressive feat, allowing a website to handle tens of thousands of users on even the weakest servers. Furthermore, the entire sourcecode is modularized - this allows people to easily create their own features, or variations of features already implemented.
The sourcecode is well organized, and commented. This means that users with only a basic knowledge of PHP and MySQL will be able to run a fully functional and scalable torrent site. In addition to ease of use, our sourcecode allows for the easy development of additional features by the general public. We feel that this is one of the stronger points of our code.
We have also taken a note from the previous issues with our current source, and are writing Project Gazelle with security in mind.
Development is coming along at a steady pace, and we expect to have a closed beta running within the next 6 weeks. We'll give you updates on the development every time we have something to get excited about, but for the time being, just keep on using the current site - all of the important data will be transferred over when we're done.