Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
I'm guessing that they are going to release it about the same time as Lion, supporting new features that are only found in Lion.

But that's just a guess.
 
TELL ME ABOUT IT!

Here's my iWork story:

Had iWork 08. Bought iPad - iOS versions of Pages etc. don't sync with iWork 08. Figured iWork 09 had already been out over a year and, being halfway through 2010, a new version was around the corner.

I've now had my iPad for nearly a year and still haven't enjoyed creating files on my Mac and viewing/editing them on my iPad.
 
Not really any worse than the 3-year cycle Microsoft does with Office.

"iWork '08" and "iWork '09" would seem to suggest a pattern of annual release, so I agree that a two year silence is an understandable annoyance.
 
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.