This is the new project structure (from the Django 1.4 release notes).
myproject
|-- manage.py
|-- myproject
| |-- __init__.py
| |-- settings.py
| |-- urls.py
| `-- wsgi.py
`-- polls
|-- __init__.py
|-- models.py
|-- tests.py
`-- views.py
What I am not sure about is whether I should point STATIC_ROOT to
myproject/myproject/static/ (together with settings.py, urls.py...)
OR
The top-level directory myproject/static (next to myproject, myapp1, myapp2)?