In a blog post today Mandriva COO Jean-Manuel Croset announced that the new strategy going forward will be to let "the distribution evolve in and under the caring responsibility of the community." Mandriva SA will, of course, be a part of this entity.
Croset continues by saying that "a workgroup of community representatives is being setup right now." The transition should be pretty much complete within a few months according to Croset's expectations. "This workgroup will be assigned the task to define the structures, processes and organization of the new entity and will start to work in the next few days."
In closing, Croset expressed his belief that this new approach will assure the continuation of Mandriva the distribution even if Mandriva the corporation finally implodes.