Where x represents a major release, y represents an update (or point) release and z represents a bug fix release.
We have a two year major release cycle. These releases will be centered around each new Ubuntu long term support (LTS) release. Our goal is to release our new major version in the July following the release of an Ubuntu LTS. Because we have such a long major release cycle, we will be releasing our "update" releases every three months. The goal of update releases is to keep the software on the LiveCD current and continue making small improvements to the default look of the system. Finally our bug fix releases will happen as needed when an issue is discovered with the default configuration.
And because people like time lines, this is what our release cycle for the next couple years looks like:
|1.5.0||June 2012 – Last Update release to our 10.04 base|
|2.0.0||July 2012 – First Stable release to our 12.04 base|
|2.1.0||September 2012 – First Update release to our 12.04 base|
|2.8.0||June 2014 - Last Update release to our 12.04 base|
|3.0.0||July 2014 - First Stable release to our 14.04 base|
Pretty straight forward and obviously the only deviation from this list would be bug fix releases that may or may not be needed. Have any questions feel free to drop a comment below.