Jeff Eaton on Token in core
Jeff Eaton talks about the third most popular contributed module in Drupal: the Token module.
Jeff talks about the architectural changes necessary in order for Token to be committed and included into Drupal 7. A lot of the changes will also eventually be backported to the token 2.0 version for Drupal 6.
There's also a pending User Interface issue for token in core that needs some help from someone with some javascript skills and initiative to get a UI into core before December 1st.
The original motivation for token in core was to have pathauto in core, but this did not get in before the API freeze, but the token functionality that made it into D7 will make pathauto's job much cleaner in contrib.