Hello,
 
Short feedback (generally applicable to any proposal):

1. Fill in complete template.
2. Try to describe what you want to do ("Less ominous warning and more
  helpful help icons" does not tell me much)

Directly to your proposal:

You write about configuration page, where you want to store
configuration values? I think this itself is separate project which
will consume quite a lot of time (well we were thinking that user
preferences would be separate project for GSoC).

Yeah, I'll see about making myself more clear.
I was thinking about storing configuration values in a database or file like the current config.inc.php.
Is the project to large?  I didn't think it would be that big, but you probably would know better than me.  Should I narrow my focus?

bhdouglass