According to Windows NT Magazine, Microsoft officials informed a core group of developers that Windows NT 5.0 will not ship until the first quarter of 1998. In a nondisclosure briefing held in February at corporate headquarters, Microsoft explained that the initial beta for Windows NT 5.0 will not be ready until late this summer at the earliest. The final versions of NT Workstation and Server 5.0 are now slated for release early next year, instead of late 1997 as Microsoft had announced previously.
I think many of us are breathing a sigh of relief at the news, which was not unexpected. I don't think two years between major OS releases is too much to ask