Today, after ten months of work, openSUSE has 10.3 been released. 
Francis did an excellent coverage of everything new so let me just relist his Sneak Peeks:
- Greatly Improved Boot Time, with Stephan Kulow
- 1-Click Install, with Benjamin Weber
- New Package Management, with Duncan Mac-Vicar Prett
- Compiz and Compiz Fusion, with Matthias Hopf and Jigish Gohil
- KDE 4, with Dirk Müller
- SUSE-Polished GNOME 2.20, with JP Rosevear
- 1-CD Installation & Multimedia support, with Michael Löffler
- Virtualisation, with Frank Kohler
- A Plethora of Improvements, with Andreas Jaeger
More screenshots and more detailed version list are available in the wiki. Get it here.
Not all work is done though: the installable Live-CDs didn't qualify for a release today - we will release them maybe next week. The most annoying bugs now showing up will have to be fixed via online updates. And of course we will provide newer packages of KDE 4.0 as its development progresses.
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Amazing!
I'm really amazed by all the improvements. Not sure where else to say it, so I put it here.
Especially the improved boot start times, faster new package management and 1-click-install, and YaST usability projects give me the impression this release will rock! It puts openSUSE back on the map in an amazing way