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IE 8, which was supposed to be launched in the mid of this year, will not see the light of the day up until 2009. The release date has been further pushed back due to reasons known only to the IE team, but they are saying that its due to the issues that people are raising and due to the time needed to solve those issues. According to IE Blog:

We will release one more public update of IE8 in the first quarter of 2009, and then follow that up with the final release. Our next public release of IE (typically called a “release candidate”) indicates the end of the beta period. We want the technical community of people and organizations interested in web browsers to take this update as a strong signal that IE8 is effectively complete and done. They should expect the final product to behave as this update does. We want them to test their sites and services with IE8, make any changes they feel are necessary for the best possible customer experience using IE8, and report any critical issues (e.g., issues impacting robustness, security, backwards compatibility, or completeness with respect to planned standards work). Our plan is to deliver the final product after listening for feedback about critical issues.