I doubt it's the code name for 10.6, which is likely Cougar. (Go BYU...cough) I don't have anything to back that up with, just kinda makes sense. I sense they'll go to System 11 after that, being exclusively Intel.
Here we are, anxiously awaiting tomorrow for Leopard, and we're killing the time by talking about the next thing we'll be clammering over when Leopard looks old and busted. We'll be cleaning up our installs of 10.5.8, ready for 10.6... I can smell it already.
you know i used to get upset with the macrumors members always bitching at people for posting stuff thats already been posted, now I kind of find it funny. They find the thread and in their own subtle way say 'hey dumbass, there's a process here'