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Francois Ajenstat on his blog writes that
"Microsoft is excited to deliver a feature complete CTP during the Heroes Happen Here launch wave and a release candidate (RC) in Q2 calendar year 2008, with final Release to manufacturing (RTM) of SQL Server 2008 expected in Q3."
You can read the whole blog post here: http://blogs.technet.com/dataplatforminsider/archive/2008/01/25/microsoft-sql-server-2008-roadmap-clarification.aspx
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