We're hearing increasingly convincing rumours of an imminent product announcement from Reason developers Propellerhead. We don't have anything concrete beyond the fact that something is coming and that it really will be a major launch (ie, not just another posh ReFill), but with the company hosting five Producer Conferences around the globe on May 9th, we're expecting that to be the date upon which all interested eyes should be glued to teh internets.
Reason 5? ReCycle 3? Rebirth 3?! Who knows. Needless to say, we'll keep you posted.