On the 28th of June, Judge Brooke Wells finally decided on the case SCO vs. IBM. In its Order she granted in part IBM's motion to limit SCO's claims – basically that means that the court decided in favour of IBM in most parts.
You can read the Groklaw article about it and the lenghtly order/decision itself in PDF form (sorry, lost the links). But for those who prefer easily digestable bites, here's a short recap:
For the vastest amount of parts the court decided that SCO did not provide enough detailed (if at all!) evidence to prove its claim that IBM has infringed SCO's copyright, business secrets, models etc. The part in the Order describing this is very vivid and interesting to read – it basically explains how SCO was trying to win its case without even telling IBM what it is being acused of in the first place, by not showing their source code and telling which parts (version, file, line) of the code that IBM is supposed to have infringed by forwarding to the Linux kernel. In a few parts the court decided in favour of SCO and a few parts are still open.
So, what is in it for the GNU/Linux community? Well, for once, it is not threatened by SCO anymore, which gives it more credibility in the business circles.
Of course, amongst the open parts there is still item 43 – "learning from TCP failures to help networking and storage for Linux", but that still means that SCO has to prove that in the Linux kernel took code from SCO in order to make the system learn from TCP failures. Which, in my opinion, isn't very likely.