A new Ludum Dare compo is set to happen soon (Jan 26 to 28th), with active discussions to be held in the competition IRC channel #ludumdare on irc.afternet.org.
An accompanying wiki page should be up shortly. The theme will be nominated and voted on Jan 26th. More info posted here .
Previous competition entry Galcon has since graduated into a full-fledged indie game, but toosh is still the champion of Swarm Racer.