The Dart code[1], which includes the VM, dart2js, editor, analyzer, and all libraries are under new BSD license. The entire contents of the dartlang.org website are even on Github[2] under Creative Commons, so you can submit pull requests to have any page on the website updated.
While it's direction is being decided by Google, they are taking a lot of input from the community via the mailing lists and bug submissions. Though, it is not driven by committee like EMCAScript is, I'm ok with that for now. I believe when Dart was originally launched they said they would consider submitting the language as an ISO standard once it has become more stable, which may still happen.