actually what i meant was gusty just went final today. this is the standard release released by the ubuntu team. 1.5 ultimate did just come out recently however it is fiesty based (the last fiesty based ultimate). 1.6 is on its way. this will be the first gutsy based ultimate. sorry i shouldve explained exactly what i meant when i said gutsy just went final.
from what i understand the break down of standard and ultimate releases are like this:
7.04 (this the original fiesty release from the ubuntu team)
ultimate 1.4 (first fiesty based ultimate)
ultimate gamers 1.4 (same as above with a bunch of games added)
ultimate 1.5 (last fiesty based. same as ultimate 1.4 but with kde,xfce,enlightment window managers added)
7.10 (this is the original gutsy release from the ubuntu team. just went final today)
ultimate 1.6 (first gutsy based. not yet released)
ultimate gamers 1.6 (same as 1.6 with a bunch of games added. not yet released)
ultimate 1.7 (last gutsy based. same as ultimate 1.6 but with kde,xfce,enlightment window managers added)
in this post thee mahn explains the cycle in some more detail.
viewtopic.php?f=8&t=30#p79