From what I see, the Wikidata.org extension does two things:
- Provides image styling for badges
- Adds a data access link to the footer
The former seems like it would be a good fit for the MediaWiki-extensions-WikimediaBadges extension, while the latter probably should be in WikimediaMessages (just like the "Developers" link).
The main motivation for splitting/obsoleting the extension is to cut down on the number of repositories we need to maintain, as well as grouping logical functionality together.