Yesterday we made the marketing announcements about CodePlex, and removed the beta banners from the site. We also launched a blog on MSDN that will contain posts about the CodePlex site, team, and related activities.
The month in beta was very helpful for us. It allowed us to eliminate a lot of the most critical issues fleshed out by our users, as well as test the scalability of the application. We're very pleased with the results so far. :)
We've had some questions about why the project registration process still appears to be moderated. I just wanted to reiterate Jonathan's answer in the forum that the project requests are being queued, but not moderated. We want to ensure that we can stay ahead of the scalability needs of the site, and for a little while that means that project creation will take a some time to get finalized. We're also giving a little extra assistance as necessary to people starting new projects, to help improve their success during the on-boarding period.
It's worth noting that there are two exceptions to our queueing policy: we're not approving any requests for test projects, and we're not approving any requests for private projects. As to the latter, CodePlex is philosophically about providing a place for community software development, and we feel private projects are not necessarily in keeping with that charter. Everything that you put onto the site is available for viewing by everybody, including anonymous users.