According to this article on Yahoo!, Longhorn will not be ready for its 2006 debut. They give no specific date of just when it will be ready, but 2007 is mentioned at least once.

Haven’t they already decided not to include the WinFS file system in the initial release of Longhorn? Is that still the case or could it be delayed because they are trying to put it back in?

At any rate, the article had this to say about the open-source reaction to a delay:

The open-source world would be ecstatic to have a Longhorn delay,” said Yankee Group analyst Laura DiDio. “They’ll see it as Linux having two years to get its ducks lined up in a row, and more time to erode Microsoft’s market share.

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