Moving PhoneGap to the Apache Software Foundation
groups.google.com
groups.google.com
What's wrong with Apache Mobile?
There are no end of frameworks and applications that are released as open source and then later abandoned (which is as it should be), the ASF imprimatur is a decent indication that the project will be around a while.
2) Free hosting and willing Apache developers audience.
The Apache Foundation goes to a lot of work to make sure that open source project operate in a certain spirit, they encourage to have a diverse set of committers (so they arent all from one company), they also provide some insurance on the legal side of things
Though as a commenter pointed out, the deviceready.com domain is already taken.