Most of the community developers have jumped the bandwagon to work with LibreOffice. It seems that the developers still with OpenOffice.org are mostly working for IBM and Oracle. The project just did the first release (http://www.openoffice.org/news/aoo34.html) after two years of silence, but there's still a lot to do before they are featurewise competing with LibreOffice. You can see a feature comparison here: http://people.gnome.org/~michael/blog/2012-04-26-ooo-compari...

It's going very well, actually. There was just a release a couple of weeks ago, and IBM just donated the source code to their Symphony product - which was derived from OOo. Symphony apparently has some really nice UI features which will hopefully make it into the mainline of Apache OO.

There is talk on oo-dev about starting the process of graduating from the Apache Incubator, which is an encouraging sign.