dunno if it’s true,
http://www.istockphoto.com/forum_messages.php?threadid=36278&page=1

…but the beta version is already out.
http://labs.adobe.com/technologies/photoshopcs3/

“Those who know don’t talk. Those who talk don’t know.”

Creative Cow magazine wrote that the new Adobe Production Suite for Mac will be released in June, so CS3 will likely arrive at the same time, or shortly beforehand.

Had another thread about this somewhere that I started because of an Intel Mac and a number of crashes. Right now we just have the beta photoshop cs3 which is pretty darn nice. June is what I have also heard.

Brad Hamilton: Why don’t you get a job Spicoli?
Jeff Spicoli: What for?
Brad Hamilton: You need money.
Jeff Spicoli: All I need are some tasty waves, a cool buzz, and I’m fine.

The Feb/Mar ‘07 issue of InDesign magazine ran this on their last page:

Although they say “in an upcoming issue,” not “our next issue,” one might speculate that they’re hinting at a CS3 release before the April/May issue is published.