The contributions process for non-core Drupal themes and modules is in need of a revamp.
Currently the process is a very loose one that does not require adherence to any tagging conventions or release process. This makes it very difficult to know the status of the modules that make up a given site. I believe this probably results in many site admins out there just leaving their site as-is because the process of updating is somewhat confusing and tedious.
We want to fix this.
While there are existing 4.6, 4.7, etc... tags applied to contrib modules, they are not consistently used by module authors. Furthermore, tags are being applied inappropriately (4.7 tags applied to 4.6 code that is not actually upgraded).