Alex pushed initial power management code (engine clock, clock gating, pcie lanes) a while back, then Yang added engine clock adjust to radeonhd. Matthias just published a patch to add clock gating to 5xx/rs6xx, and Alex wrote up a summary of the power management info & options in his blog :
http://www.botchco.com/agd5f/?p=45
In terms of who's doing what, the transition to KMS is still the main focus, with glisse working on merging in new TTM code and a number of devs working on getting the radeon-rewrite branch of mesa ready to merge into master. We're doing most of the 6xx-7xx 3d work, and again there the big effort over the last couple of months was moving across to the radeon-rewrite code base as well. MostAwesomeDude is still making progress on the 3xx-5xx Gallium3D port, and at least one other dev is contributing there as well.