Bishop-area guide and climber Kurt Wedberg is guiding a client up Everest via the south approach this year. You can follow their progress at the IMG Website, and also the personal blog of Kurt's client, Michael Andrews.
This looks like a really unlucky year to be paying the usual fortune for an Everest bid. Civil war in Nepal has threatened to close off south-side access, and the Chinese government has apparently closed the entire north side of the mountain as part of an Olympics promotion stunt (they want to carry the torch to the summit). Just to add to the mix, China is reportedly pressuring Nepal to close the south side of the mountain as well. I guess they need the whole mountain to themselves for the torch ceremony?
Sounds like it will be an interested time on the world's highest peak—but then again, it always is.