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Drupal 5.0 beta 2 is now available.

“Since beta 1 we have fixed a ton of bugs, having reviewed and committed over 160 patches, more than five every single day. So many thanks to you for the testing, the bug hunting, the patches and reviews.”

Drupal 5.0 will be released after a) there are no more critical bugs and b) there has been at least one release without adding any more to the list. For full details, please read the release announcement.