Magento Imagine's opening keynote was good and bad.  Some good news about Magento and Magento 2.  And some very bad news about Magento 2.

Magento Community 1.7 and Enterprise 1.12 were released today.  This gives us some great updates like:

• different base pricing for customer groups
• Automatic generation of multiple coupon codes
• Backup and rollback functionality
• EU compliance
• REST API

Enterprise gives us customer and visitor segmentation and mobile HTML 5 capabilities.

The next bits were around Magento 2.  Magento 2's focus is on refactoring, modularity, and simplified customization. Magento 2 will now utilize jQuery.  It also has some amazing drag and drop theme update abilities.  This functionality is very unheard of currently in the marketplace.  It will be a great feature for Magento users.

That brings us to the bad news.  They announced today that Magento 2 will be postponed until the first half of 2013.  We used to have 1st quarter '12 estimates, then 3rd quarter.  Now we are all the way into next year.  That's pretty brutal.

Otherwise, Imagine's been great so far!  Hope to see some more great stuff tomorrow!