Kim Dotcom just announced where Megaupload will be reborn: Me.ga. As in, that's the new file sharing website that will officially launch on January 20th next year. Go check it out.
Right now, it's only a splash page that's up at me.ga but it describes how Mega will work, details how to become a hosting partner and how to become a Mega API partner and asks for investors as well.
So how is the new me.ga different from the old and fed-killed Megaupload? All the data is encrypted by Mega so that "you hold the keys to what you store in the cloud, not us." Basically, it's going to be different because Mega literally won't know what you upload. Can't wait to see it in action when it launches on January 20th. [Me.ga]