For all of you who use the stand-alone version of WordPress, WordPress 2.5 is released tomorrow, March 10. This looks to be a substantial release with a lot of new cool features.
To see what is coming for WordPress 2.5, check out the official WordPress site.
To see a discussion and summary, check out the blog post in the Blog Herald by Lorelle VanFossen, WordPress 2.5 in Two Weeks, New Hot Media Library, Instant Upgrades, Theme Designers Lack Inspiration, More Plugin Vulnerabilities Found.
I haven't downloaded any of the betas, but I will be updating this as soon as I can.