Ubuntu Next Version is 8.04 with code name Hardy Heron
With the opening of each new release cycle of Ubuntu, we have more and more opportunity at our fingertips. Not only are our friends in the upstream world constantly innovating and extending their applications and software, but the Ubuntu community continues to see incredible growth in its diverse range of areas such as packaging, development, documentation, quality assurance, translations, LoCo teams and more. Each new release gives us all an opportunity to shine, irrespective of which bricks in the project we are laying, and this is at the heart of our belief -- working together to produce an Operating System that will empower its users and shape the IT industry, putting free software at the corner-stone of our direction.
Most people only ever see the end-user view of Ubuntu, running it on their desktops, servers and mobile devices around the world. For these users, Ubuntu provides a simple, convenient means to do what they want to do easily, effectively and without unnecessary complexity. For many of us though, we want to open up the hood and understand how the system works and how to extend and grow it. Thousands of us get out of bed every day, united behind Ubuntu, ready to make a difference, working together to make our vision happen.
Read more here