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Apple has devoted more of its resources toward iPhone development,that's why Leopard,the next OS X release, is now annouced for October!That said,all of Leopard features will be finished in June and Apple will present the final version in the WWDC 2007!
"We think it will be well worth the wait. Life often presents tradeoffs, and in this case we're sure we've made the right ones."
You can read the official announcement here.

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