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I'd be surprised if it didn't. That being said, I am disappointed it hasn't materialized.
 
"Then did St. Steve raise on high the Holy G5 of Cupertino, saying, 'Bless this, O Lord, that with it thou mayst blow thine Dell enemies to tiny bits, in thy mercy.' And the people did rejoice and did feast upon the renderings of lambs and toads and tree sloths and fruit bats and orangutans and lickable icons.... Now did the Lord say, 'Thou in 12 months, thou must count to three. Three shall be the number of the GHz and the number of the GHz shall be three. Four shalt thou not count, neither shalt thou count two-point-five, excepting that thou then proceedeth to three. Five is right out. Once the number three, being the number of the GHz, be reached, then thine will be great and powerful in my sight, however if thou shall have more than one button on thou mouse, who, being naughty in my sight, shall snuff thine's life.'"

Now thats hilarious!
 
Not surprising, especially since Intel's 4GHz P4 is #9. Same problems. I suppose this is why Apple does not like to release a roadmap. Here's hoping 2005 brings more updates.

Though people do seem to always forget that after his promise of 3GHz G5s, Steve muttered "we hope".
 
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