Mark Shuttleworth just announced the codename for next Ubuntu Release - Precise Pangolin.
Excerpts from the announcement:
12.04 is an LTS. So we want it to be tough and long-lasting, reliable, solid as a rock and well defended. It’s also going to be the face of Ubuntu for large deployments for a long time, so we want it to have no loose ends, we want it to be coherent, neat.
Balancing all of those options, I think we have just the right mix in our designated mascot for 12.04 LTS. Ladies and gentlemen, I give you the Precise Pangolin.