In preparation of the Drupal 4.7.0 release, development of Drupal core will be frozen on September 1st. As of September 1st, the focus is to strengthen the code base's performance, usability and stability. As we progress, focus will shift towards stability and near the end of the code freeze, only bug fixes will be allowed, until no release critical bugs are left. After the code freeze, it will take several weeks before Drupal 4.7.0 can be released, however, one or more release candidates will be made available during the code freeze.
Read on for more information about the current status of the forthcoming Drupal 4.7 release.