The 2011 Community Moderator elections have begun. Well, they begun a day and a half ago, but that's not important! Go participate, while you still can!
Robert Cartaino recently announced the following on Meta Stack Overflow:
The nominations for moderator elections will start about 30 days after a site graduates from beta.
Moderator nominations will not be conducted as a meta thread, as they were done with the original sites. We are in the process of creating a custom software module for holding the Moderator nominations. It was the only way to conduct a fair and impartial nomination process, without the quirks of trying to force it into a meta-voting thread.
We just passed 30 days on our first sites. The development is underway so we will start the first round of nominations as soon as the module is ready.
There is going to be an official, community-run election at some point soon. An official date hasn't been presented yet; candidates will be drawn from our nominations thread! If you think someone is a promising candidate, make sure they're on that list and nominate them if they aren't.
The three of us will continue to be your representatives until the elections are over. When the elections are over, whoever is elected will be the new moderators and our pro-tempore terms will end.