InspIRCd - just a day after 1.1.8 has a new module already, written by yours truely. m_cycle. Written in 5 minutes, it's an equivilant to Unreal's /cycle command, with the exception that it overrides all channel modes except +b (it would be nasty to allow that one to get overridden ;p).
In other news, there is now an optional way to specify what IP address identd requests come from, for those that don't want to use the default interface.
Channels can now also have a set of modes applied on creation through - this setting should be the same NETWORK WIDE, otherwise you may end up with desync fun. :)
That's about it, but pretty reasonable productivity for a single day, eh? ;p