Drupal Association members fund grants that make connections all over the world.
This was mentioned inas something that could be improved upon in Drupal 7, but I'm not quite sure we got the experience complete. Picking a timezone is still a complete drag in Drupal. The select list of 400+ cities is completely unnavigable, especially since it's not even listed by country (it's by continent, e.g. America/Vancouver).
I've developed a new combo jQuery library and ImageMap combination that can be easily updated (http://efele.net/maps/tz/world/ updates) in the future to support new timezone structuring. Combined with PHP 5.3's ability to pinpoint timezone locations via timezone_get_location(), we can build a pretty mean timezone picker.
The intention of this library is to be a drop-in. It doesn't have any server-side requirements, it works on all browsers IE6+ (it *is* an image map after all) including mobile and touchscreen devices. I'm going to work on a D7-compatible module for demonstration purposes, but I'd like to include this functionality everywhere in core where we have a timezone dropdown.
Demonstration of the new picker is available at http://timezonepicker.com, which will be the official home of the library, plus the GitHub source code of course (which actually hosts the whole library).