I know, we just encouraged everyone to upgrade to IE7 (here, here and here), but this is the Web and things change fast. The good news is Microsoft is not really known for actually hitting deadlines.
From Ars Technica, a Senior VP at Microsoft announced in a Financial Analyst Meeting that IE8 will ship by year end. And we are expecting a Beta 2 sometime next month.

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[...] your members too. With the impending release of Internet Explorer 8 right around the corner (probably released by year’s end) Sitepoint asks is it time to pull the plug on [...]