Hi Cervator,
I would really hope that I could get into GSOC, but if I can't that doesn't mean I won't still help out. The only difference is that Terasology will be put on the back burner rather than be my main priority, but I would still like to work on it. I'll try and create a tentative timeline, but I have no clue how long most of what I'm looking at doing will take as I've not written it before. I've read the white papers and know the theory but theory and implementation are two different things. That being said I did have a general idea of how long I wanted to spend on each step to hopefully be on target and I'll add that to the proposal as soon as I can.
In any case, it's nice to have the warm welcome.