The clock has "ticked" and Intel has released a refresh to the quad-core Xeon line-up, code-named Harpertown. AMD has also finally released their quad-core Opteron, code-named Barcelona. Intel is on what they like to call a tick-tock release cycle of processors. Every "tick" is a refresh of the current architecture, and a "tock" represents a new architecture. AMD doesn't seem to be on any pattern of release cycles, and the Barcelona launch is a bit late and not as well organized as some of their previous product launches.
http://www.anandtech.com/IT/showdoc.aspx?i=3099