According to a news article at ElReg, a new Raspberry Pi Version 2 is being released today. Related discussion about this is ongoing at Reddit.
If rumors are true, we will have a Raspberry Pi featuring 4 Cortex A7 cores @ 900MHz and (finally) a full Gig of RAM.
Here’s /proc/cpuinfo for those who are interested. The GPU is reportedly the same VideoCore IV as in previous models, as is the USB controller. The BCM2836 SoC is said to run much cooler than the BCM2835 from the 1st generation Pis. Overclocking to 1100MHz should not be a problem and will apparently be the default OC option.