Microsoft are poised to announce the release of their next operating system later this year.
Windows Vista will have some fancy new features... that will give you the
"ohhhs and ahhhhs" for all but 15 minutes.... but under the hood is still a lot of existing Windows features from Windows 2000 and Windows XP.
What's worse is the eye-candy that will be on by default that regular users won't know how to disable ensures they'll almost certainly require a new computer to get reasonable performance out of it.
Basically you should expect to have:
- Pentium 4 or AMD 64 processor or better.
- 512MB of RAM (though I would recommend 1GB - 2GB if you want any decent response).
- A high end video card (with at least 128MB of Video RAM - preferably with 256MB of Video RAM).
The majority of home computers won't make the grade.

What's worse, is that Microsoft are likely to start the 'only for Vista' program that many patches and security updates have occurred for Windows XP. (For example some patches for Windows XP though vulnerable under Windows 2000 and Windows 98 were not made available -- Microsoft's stance: Upgrade to XP).
Microsoft are touting that Vista will be the
'most secure OS to date'. This might be true of Windows... but isn't so when compared to the likes of Linux or Macintosh Operating Systems.

I don't like Microsoft's chances... they have already had a
security update to plug a vulnerability (and the product hasn't even shipped!)
The most annoying feature is that all this eye candy serves little to no purpose.

The
WinFS has long been scratched from Vista; which would have moved computing into new grounds.
Also
DRM will be built directly into the operating system. So don't expect music or video you download to run on your computer unless you have a license!

Add to it
'Trusted Computing' where it can be used by software manufacturers (ie: Microsoft) to control your computer without your permission. Under such schemes, users will not be able to stop Microsoft from scanning your entire hard-drive, and logging it's contents or even your Email and confidential files. I certainly won't be allowing such an invasion of my privacy for the 'privledge' of using their software that I buy!
One thing that is bound to catch people out is that Microsoft are getting tougher on their licensing models. Traditionally people who bought a computer, or new CPU/motherboard or the like would buy the OEM version of Windows and install that. It is generally around $100-$200 cheaper than the 'retail' product.
However, Microsoft has stated they will force people into buying full retail product versions at these inflated costs. You can still buy an OEM version, but if your motherboard, CPU or Hard-Drive gets replaced, don't expect Microsoft to let you use your OEM version... nope... it's a once only license.
So before you think you
must upgrade to that shiney version of Windows later this year, ensure you read up... there are many pitfalls to this new version that are bound to catch consumers out.