That means release 12.10 IS the current
release.
No, it isn't. That's not how Ubuntu releases work. If
you want a stable desktop where you're sure everything will work, you use the
"LTS" (Long Term Support) release. The current LTS is 12.04, and it is supported
for 5 years (long term). It will be replaced in 2014 with a new LTS (but 12.04
will still be supported for 5 years).
In between LTS releases they do
development releases every 6 months. These get experimental features which may
or may not make it into the next LTS release, depending on how they work out.
The latest development release is 12.10, and it introduced new things like
switching from Python 2.x to 3.x, implementing the 2D version of Unity with
LLVM-pipe, and the new "universal search". Version 13.04 will be coming out next
month. However, 12.04 is still the current LTS release.
If you want
the very latest bleeding edge features, then use a development release. However,
just be prepared for the possibility of features that may not work well, or may
get dropped if they don't work out. If you just want to use your computer on a
daily basis, then use the LTS release. The development releases are often pretty
good and many people are perfectly happy running those, but some of them are
clunkers and best avoided. For example, the development release of Unity was
wretched, but the LTS release is very nice.
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