I've heard that Jane Street uses their own extensions to the language. Also, how does one deal with the development of OCaml being largely done in French?
The French thing is a non-issue. The compiler is written and documented in English, and all the main contributors are fluent English speakers, and the mailing lists are almost entirely in English.
OCaml is developed by french people, I've never heard of it being done in french (aside from interpersonal banter I guess). The french version of the official site doesn't even work correctly (when you click on the "manual" link you get the english manual)
And an April Fools joke -- http://gallium.inria.fr/blog/ocaml-5/