Drupal 4.7 has been released. Here's the announcement on Drupal.org, and here's the story on Digg.

Very exciting stuff. It's more of an evolutionary released than a revolutionary one in my opinion, but there's enough evolution that it's headed towards lots and lots of fun. I've been implementing sites based on the nightly cvs and betas and release candidates for a while. Now I'll have to start upgrading sites.