Teaser Update:
We're finishing up the rules this evening when I get off work and get home. But in the mean-time here are a couple rules we settled on.
Level: 190,000XP (Effectively 20th)
Point-buy: 36 points
Starting Wealth: 760,000gp
Books allowed: By default, no variant
rules will be used. Variant Classes and ACF are fair game, though.
[spoiler]Player's Handbook
Player's Handbook II
Expanded Psionic Handbook
Dungeon Master's Guide
Dungeon Master's Guide II
Monster Manuals 1-5
Complete Adventurer
Complete Arcane
Complete Warrior
Complete Divine
Complete Psionic
Complete Mage
Complete Champion
Complete Scoundrel
Cityscape
Dungeonscape
Draconomicon
Drow of the Underdark
Magic Item Compendium
Rules Compendium
Spell Compendium
Dragon Magic
Expedition to Castle Ravenloft
Expedition to the Demonweb Pits
Expedition to the Ruins of Greyhawk
Expedition to Undermountain
Fiendish Codex 1 & 2 (No Pacts)
Tome of Battle
Tome of Magic
Magic of Incarnum
Frostburn
Sandstorm
Stormwrack
Heroes of Horror
Heroes of Battle
Libris Mortis
Lords of Madness
Planar Handbook
Races of Destiny
Races of the Dragon
Races of the Wild
Races of Stone
Any 3.5 Eberron-specific book (post 7/2003)
Any 3.5 Forgotten Realms-specific book (post 7/2003)[/spoiler]
UA, Gauntlet structure, Banned spells, etc will be forthcoming later.