Intrepid Ibex

I don't think I need to explain the title. It's been officially announced here, and it's on the Ubuntu Wiki.
So what's an ibex?

An ibex, commonly called by its French name: bouquetin also called Steinbock in German, is a type of wild mountain goat with large recurved horns that are transversely ridged in front. Ibex are found in Eurasia, North Africa, and East Africa. The name ibex comes from Latin, borrowed from Iberian or Aquitanian, akin to Old Spanish bezerro "bull", modern Spanish becerro "yearling". Ranging in height from 27 to 43 inches and weighing 200 to 270 pounds (90 to 120 kg), the ibex can live 20 years.

20 years, but don't expect 8.10 to be an LTS release...

During the 8.10 cycle we will be venturing into interesting new territory

The release after an LTS release (or 3 releases before one) is usually an unstable one (4.10, 6.10, 8.10, and probably 10.10), as the developers find new technology to incorporate and wait for it to mature over the next 2 releases. Expect 8.10 to have KDE 4, among other interesting stuff, maybe even Avant. But it's not going to be stable- remember all the horror stories of people who couldn't upgrade to Edgy? Don't let it drive you away from Linux, though, if you're really interested in testing Intrepid, just keep an eye on Slashdot and be ready for the worst. Let's hope the Ubuntu devs learned a lesson from Edgy (and they probably have).