I think you've mis-identified the package.  Nouveau was never in the kernel !

# rpm -ql xorg-x11-drv-nouveau
/usr/lib/xorg/modules/drivers/nouveau_drv.so
/usr/share/man/man4/nouveau.4.gz

Oh yes it was. The 2.6.21 kernel that F7 ships with has it, but not the 2.6.22
update. Don't confuse the xorg driver with the kernel driver.

I got this confirmed on irc and also got the added comment that it was
temporarily removed because of some dependencies on DRM updates.

So please keep this bug open until the module is back in the kernel package.

The problem isn't as simple as one would hope, I need to port a bunch of changes
to the upstream drm to the kernel and then add nouveau back, I was hoping to get
this done soon, but it keeps dropping down the list, but I'm about 40% of the
way through getting the drm changes upstreamed so I can bring back nouveau...

Hello folks,

I'm reviewing this bug as part of the kernel bug triage project, an attempt to
isolate current bugs in the fedora kernel.

http://fedoraproject.org/wiki/KernelBugTriage

What is the latest on this - any chance of it getting into F7?

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Thank you for the bug report.

In Fedora release 9 (Sulphur) the "nouveau" kernel-module is shipped again
out-of-the box :

 [root@pavilion tmp]# rpm -ql kernel |grep -i nouveau
 /lib/modules/2.6.25-14.fc9.i686/kernel/drivers/char/drm/nouveau.ko