Is there still a new MIDI standard coming out soon (MIDI 2.0)?

Hello, I was just wondering what the word on the supposed second coming of MIDI was. I seem to hear about it for a bit, and than hear nothing for a good while. I heard that it will be finalized within a year of MIDI's twenty year anniversary, which is coming up this year i think? Anyway, what am I missing here? Any gossip?
I am pondering this more as I am thinking about replacing some MIDI equipment. Should I wait to go all-out on the coolest stuff since a new MIDI standard would maybe (likely?) require all new gear to take advantage?
Also, even if "MIDI 2" is finalized very soon, about how long before we can expect good commercial products taking advantage of it?
And golly, "MIDI 2" aught to turn Logic on it's head requiring some heavy rewriting to keep up with the jones', huh?
Thanks for your participation!

The MMA is working on HD-MIDI ("High Definition MIDI")
http://www.midi.org/news/hdmidi.php

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