OS X 10.5 is MIA  and so is iWorks 3 (OS X spreadsheet), Aperture 2 (working date metadata and faster than a dead slug), iLife 2007 (2008?), Safari 3 (a modern browser?), a blog editor, .Mac that's worth something ... argh. There's no putting a pretty face on it, Apple seems to have taken 2007 off to work on my iPhone.
So it's especially good news to hear of two very interesting OS X product releases: Coda (DF review) and Fisson. Nisus Professional for OS X is also in beta and OpenOffice is supposed to come out for OS X (no X Windows) this summer.
 I worry about the Fall delivery considering the challenge of iPhone -- when big projects slip once they almost always slip three times. By that rule 10.5 will come in 2008.