This just in. Sorry for the bad formating.
( Here is how the PR Draft has "Worded" it < Released during MW Expo>

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In a strategic cooperative initiative, Gibson has allowed a team of
almost a hundred programmers, and will ultimately transfer all
intellectual property to said group, of Opcode software including,
OMS, Vision, Galaxy, following some elaborate legal contractual
papers being reviewed and signed.
Meanwhile, the Source Code is already under development. An amazing
Carbon, 100% PPC, OS 8/9 & X ready Vision 5.0 will be ready within
weeks. The OS X version ties into Core Audio & MIDI Services, while
Classic OS 8/9 will use an updated OMS. ASIO-2, VST-2, mLan, Dolby
5.1/6.1/7.1/10.2 surround sound enhancements have already been
completed. A New import format supports ALL previous Vision files
from 1.0 - 4.5.1 <which is way past due!> and also opens/ edits/
saves Pro Tools, AVID, MOTU 2.x- 3.1, and all supported QT file
formats.
This is the largest Mac development team outside of Apple. Instead
of simply making a nicer UI for Video film scoring work, an entire
Video Editing technology was implemented based on a future, soon to
be released QT, and internal MPEG-1, MPEG-2, MPEG-4 import/export G4
optimized I/O kit.
Finally, a new 3-D graphics engine, allows creation of complete
3-D creation for CD Covers, and LOGO/Band/Label creation inside the
new Vision environment. The cool thing, here, is the video was then
attached to the 3-D system to allow "Toy Story" type Video creation
& Music scoring via MIDI & Audio. Since these were coded with
Altivec instructions, it is faster than any 3-D/Video software
available <including outboard DSP systems> by over 900%, on the Mac
OS 8/9/X on Dual G4/450 & up.
The Graphic Notation has been rewritten from scratch, based on a
full featured professional notation program. Which interfaces with a
new 64 bit Acadia & 32 bit Audio-to-Midi feature which can place a
notation score into Audio ( including MP3 ).
These features which include a streamlined GUI, including every
single dialogue box, but is open to debate for users. Therefore,
implementation will be in "Skins" allowing Classic, or Modern, to be
selected by the user. ( Except under Mac OS X ).
Obviously, these features are an extreme break from the SV Pro
product line. Careful attention was paid to place Notation, Video,
3-D, Import-Export, and improved features in the same manner as
previous versions < in Classic Skin > leaving users with zero
learning curve. While the New GUI follows Aqua user giudelines for
simplicity, and ease of use for new users.
Users with no need for many new functions will not have "Overhead"
of these new features. Each portion is Module based; Notation,
Video, Audio, 3-D, etc. Only load when chosen by the user. Leaving
out the overhead of RAM & System resources. Each "Module" has it's
own memory, and lays dormant until invoked. Making typical
bloatware, a non-issue. In fact, using the Audio & MIDI only, on
par with previous releases, the Native PPC code actually uses 1/3
less RAM than Vision 4.x.
Since so much has been altered, and object oriented Cocoa allow
such things as speech, word processing, spell check, PDF & XML,
Speech Recognition, Text to Speech, graphic editing in already
available libraries, Apple Script, and recent contact with
previously successful NeXT developers with Graphics support, we feel
a package like this is no longer "Vision", and may release
Multimedia Master product, as well as basic improved SV Pro, SVP +
Video, SVP 3-D Video. Multimedia OS has been a common suggestion...
All Code will be Open source, except where in example Dolby
Digital or other patent holders will not allow it. Thus avoiding
this happening again.Â*Â*Â*Using standard tools BSD UNIX, as used in
open source Mac OS X "Darwin" will run fairly well immediately.
Darwin for Intel, Linux, UI support, will fall into open source
efforts, respectively. Darwin for Intel support will be stricly Open
Source.....at this time.