Perl6...
Python3000...

Both are redesigns of very popular dynamic/scripting languages.  Both have very strong, though very different, communities supporting them.

Out of the gate, Perl's plans were much more ambitious, including a new generic virtual machine.  Python's plans were more pragmatic; more of a language cleanup than a drastic redesign.

Perl 6 was officially announced nearly 7 years ago and I don't see a stable production release coming *any* time soon.  On the other hand, the idea of Python3000 was sorta tossed around for a while and swung into gear 2 years ago.

Guido (Python's BDFL) has been spearheading the effort, whereas Perl's leadership structure is much more anarchic (Where is Larry Wall these days?).  Guido has been very transparent and kept the community aware of his worries.

Some people saw this as a slippery slope...

Chromatic:

"Language redesign is difficult, isn’t it?  Once you start challenging base assumptions, you find that a lot of your previous conclusions are shaky, and good luck reigning in blue-sky ideas!

See you in 2007… or 2008… or 2009.

Best wishes,
a Perl 6 hacker"

I disagree..

I'd bet anyone money that I will be hacking on a stable release of Python3000 long before I'm using a stable version of Perl6... any takers?

(disclosure: I have written lots of code in both Perl and Python and am a fan of both)