the name of the group has not been decided nor have the members. but the main thing is to work out what is needed to get litecoin expanded in both uses, population using it and merchant acceptance.
yes its a group more aimed at the community then what bitcoin foundation is. and yes its not going to be a sheep of the bitcoin foundation.
there are going to be IRC 'townhall' meetings where ANYONE can join in. and talk about the needs, desires, idea's to bring growth to litecoin.
here is some more details
http://forum.litecoin.net/index.php/topic,997.0.htmlhope you all turn up (there will be chat rules to deter trolls/argumentative/abusive users so stay up beat and help expand litecoin)