I remember the Dragon Council... I still see Rioth on MSN sometimes.
Correct, Rioth is the leader of the Dragon Council.
The Dragon Council is still existing, but not visible to the public in PS.
The Dragon Council was already existing, when Xillix was still a player and the Guildname got approvel from the team that was in charge of Planeshift back then.
Currently the Dragon Council is more interested in an another game, with lesser lag.
Most of the Dragon Council members are playing NeverWinter Nights on a dedicated server and check PS form time to time, to see if things are improved.