A transcript of the chat is here
Rob Page of ZC sent out an announcement regarding ZC's desire to create a Zope Foundation a while back . He also bootstrapped today's chat by creating a strawman draft overview of bylaws . The Foundation is meant to "empower the Zope community", or something like that anyway.
I think the chat went very well. I was worried about the Foundation being a little too vendor-centric with the idea that it would be modeled after the Eclipse Foundation which has its board of directors heavily stacked in favor of large member corporations, but it turns out that Rob took most of the best parts of the Eclipse Foundation bylaws ("vendor-friendliness", paid memberships and so forth) and some of the best parts of the Apache Software Foundation's bylaws (merit-based power) and came up with something pretty good. Most impressive to me was ZC's willingness to have parity between the number of "cash" members of the foundation vs. the number of "blood" members of the foundation.
To me, anyway, the hurdles now to getting a Foundation off the ground are actually pretty moderate. I have a few specific gripes that I predict will need to be addressed for the Foundation to be maximally successful:
Rob was either mum or held firm on both points as they were raised during the chat. But apparently more discussion about the Foundation is going to happen at EuroPython soon.