Katmai Delayed!
It appears that SQL Server 2008 will be delayed until at least Q3 2008, according to this blog post from Microsoft. A featuer complete CTP should be released in February 2008.
And in similar news, Microsoft Boy and his Homework
White Paper: SQL Server 2008 Compared to Oracle Database 11g
Microsoft SQL Server has steadily gained ground on other database systems and now surpasses the competition in terms of performance, scalability, security, developer productivity, business intelligence (BI), and compatibility with the 2007 Microsoft Office System. It achieves this at a considerably lower cost than does Oracle Database 11g.
2008-06-19
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