After reading Scott James Remnant's monthly release proposal for ubuntu (http://netsplit.com/2011/09/08/new-ubuntu-release-process/), I developed great hope that this might actually happen. I very much like the "rolling release" concept (a la Arch Linux) coupled with a stable "for the masses" LTS release every two years. Personally, I think the 6 month release cycle creates way too many bugs. Bugs that unfortunately live for years, even through LTS releases. Ultimately this situation is holding Ubuntu back from mainstream adoption. Pushing the LTS release as the "recommended for consumers" build would allow third-party application-developers to focus on a stable platform for increasing mainstream support and acceptance of Ubuntu. Having the OS overhauled every 6 months is too tumultuous for mainstream adoption. The rolling release would help increase the stability and development of the LTS while simultaneously providing cutting edge stuff along with less reliance on PPAs for those who want newer versions of applications. It would also more gradually ease users into change.
I'm curious as to Canonical's reaction to the proposal. Is it receiving serious consideration? Does Canonical have another plan to address the many bugs that plague Ubuntu?