Not much talk about the "disloyal opposition" in this thread, with the first head to head release of major new OS rewrites from both Apple and MS since, well, when?
Vista came out 6 mo's before Leopard, and its problems tarnished MS's already tattered OS rep helping Leopard become, by contrast a big hit.
Before that, OS X 10.0 (really a gamma at best release) came out about eight months before XP. MS was rushing to cover up Win Me, and Apple was struggling to show it could stay relevant.
XP was "good enough" to hold mind share, and Cheetah wasn't that complete or fast (alas, they used up the fastest cat on the slowest release) and asked the base to go thru a wrenching transition to redefine "Mac computing." But last I heard, they made it thru, LoL, and otherwise, Apple had the stage to itself for almost 6 years, gaining tons of cachet.
Things are very different for both companies today - and this time the big releases are head to head like Ali and Frazier. And one thing Apple could not have predicted when they predicted the release a year ago is that MS would actually make significant progress with Win 7, which has excellent buzz in a number of influential computing communities (if not this one!).
MS is also going at Apple more aggressively of late for many reasons, including Apple's resurrection but also because they feel they've got their best follow-on product maybe ever, and their ads indicate they feel Apple's vulnerable to a pricing argument in a deep recesssion.
So it's become more important to Apple that there are NO glitches of note in Snow Leopard, as well as all the fit/finish/new technologies stuff providing a better experience, with major momentum on the line. And more than to MS, because everyone already knows there are glitches in MS OS's - they only need a B+ to keep nearly all their current share, while Apple needs an A in this showdown to get more people to choose $1400 MacBooks over $500 HP's. All the big apps need to be working smoothly too, even if in the form of required upgrades.
And from a marketing perspective, SL also will very likely include a few "and one more things" along with its replumbed, rewritten and upgraded internals. A few oohs and ahhs then, even if they turn out ultimately to be less than a paradigm shift (like Expose, Spaces and other things that wowed me, but which few general buyers use).
So whatever the release date, first, a lot of "strategery" is going on in both Redmond and Cupertino - about who goes first and when, about the rollout events, about the marketing and advertising strategies, etc., and second, a lot of lights are burning late and many, many caffeinated beverages are being consumed at both, though I'm betting as usual, they're sweating the details better to the south.