Looks like Creative Suite CS3 will be released announced on March 27th. I have played with the Photoshop beta for awhile and the speed increase on my Intel Macbook is amazing. The only thing that was annoying was the bug where you could not see the brush outline. There is a workaround where you had to run CS3 in Rosetta, but the last time I checked a little while back it was fixed internally and would be in the final build. Now I am waiting to see what the different suite options will be.
Update: March 27th will be the announcement date with shipping date to follow at a later time. Darn.