Mary Jo Foley in What’s Up With Windows? Longhorn is delayed possibly until 2006. So is the Server version. Service Pack 2 for Windows XP has another year before it comes out. No new products are on the horizon from Microsoft for the next couple of years. All their energy will possibly be focused on getting people to upgrade to XP and Server 2003.
This is what’s commonly known as “stagnation”. For more info on the history of stagnation, see also: “Netscape”.