Good news! openSUSE Milestone 0 of openSUSE 12.3 is out! While we’re still discussing the schedule and won’t be deciding anything before the openSUSE Conference in Prague later this month, development is picking up steam.
Changes

Ismael Doenmez was kind enough to provide us with a quick overview of the latest changes in Factory:

KDE is updated to 4.9.1 release
Glibc is updated to 2.16 release
Kernel is updated to 3.6.0-rc7
X.org updated to 1.13 release
All X.org video drivers are updated to latest stable release (or snapshot).
Mesa updated to upcoming v9 snapshot.
DRM libraries updated to 2.4.33 release
Qt updated to 4.8.2 release.
Emacs updated to 24.2 release.
OpenJDK updated to 1.7.0.6 release
Banshee media player is updated to 2.5.1 release.
zsh is updated to 5.0 release
SourceCodePro font from Adobe is now available among other new font packages.
Support for OPUS codec added via libopus
jpeg-turbo is now the default jpegv8 implementation, jpegv6 is dropped.