An article in eWeek presents Adobe's road map of it's core products, namely Photoshop, Illustrator and InDesign. All three are scheduled to be updated before the end of the year.
Photoshop 8 will offer non-destructive filtering, layer palette presets that will enable multiple palette sets, multiple layer selection, and will let you apply a single change to several layers. JPEG 2000 support and various UI enhancements.
Illustrator 11 will offer amongst other things significantly improved performance, a PDF export system and support the PDF 1.5 standard.