Yes, its actually called Karmic Koala.


Firstly, the official announcement is here.
https://lists.ubuntu.com/archives/ub...ry/000536.html

Phoronix talks a bit about it...
http://www.phoronix.com/scan.php?pag...item&px=NzA3OA

For those too lazy to click any link, the highlights (under consideration) are:

(1) Server version: Cloud computing features. Will be using API's of Amazon EC2. So you can build your own cloud!

(2) Desktop version: They may use Red Hat's Plymouth. Also aim for lower boot times than 9.04...They want to do better than 25 secs on a netbook.

If you don't know what Red Hat's Plymouth is about...
http://www.phoronix.com/scan.php?pag...plymouth&num=1