Those of you who are looking for a replacement to basecamp project management tool can check out ActiveCollab. Though its not as feature rich (currently) as basecamp but i am sure it will develop into a worthy competitor.
Installing activecollab on your own server means your data is in your hands (both literaly and otherwise :) ) and also u can set up as many projects as you wish. The only roadblock i can see is the requirement of both PHP5 and MySQL with innodb support.
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