The next major update will be based on Ubuntu 12.04 LTS
TurnKey Core Live CD, the common base system on top of which all TurnKey Linux appliances are built, has now reached version 11.3.The updated version of this Linux distribution includes fixes for various bruises and scrapes, as well as the very latest security updates.
Users who already have a previous version of TurnKey 11 installed don't have to download anything, as the system is configured to update everything automaticaly.
According to the developers, the next major release will be based on Ubuntu 12.04 LTS (Precise Pangolin) which should be available at the end of April, 2012.
Apparently, Turnkey 11.3 is the final maintenance release based on Ubuntu 10.04 LTS (Lucid Lynx) and the developers have already began work on the upcoming version.
Download Turnkey Core Live CD 11.3 right now from Softpedia.