Some info about the next Kernel version...

the kernel determines how well the overall operating system "scales" -- how many processors the kernel can address, the amount of system memory a computer can have, how well it switches between tasks and so on. It also determines which hardware and file systems are supported and what kinds of network protocols and devices can be used.

In short, the kernel truly is the heart and mind of a Linux system.

The new kernel series has been in development for a while, and Linus Torvalds declared a feature freeze for the old, established series last fall. Most people expect to see the 2.6 version released sometime in 2003...
Source and full article here