iLife '04 - for a price
So, Steve Jobs announces the long overdue updates to iPhoto as well as the other iLife apps; and of course me and the rest of the Apple world then runs off to Software Update to go get them (result: nothing).
Well, seeing as the UK store has it to buy at £39, and already has details of an up-to-date program for new Mac owners who don't already have it, I think we can safely assume that we might have a long wait on our hands.
Update: It seems that Eric Meyer has the same issue but explains it a little more eloquently.