The Joomla Project announced the immediate availability of Joomla 2.5.0. Version 2.5.0 is the next update from version 1.7.4 (Note that we have skipped from version 1.7.x to 2.5.x.)
Version 2.5.0 is the second release made within the new six-month release cycle that started with the delivery of Joomla 1.6 in January 2011. Version 2.5 is also a long-term-support (LTS) release that will be supported for at least 18 months.
The Production Leadership Team’s goal is to continue to provide regular, frequent updates to the Joomla community.
Version 1.7 will reach end of life one month, on 24 February 2012. All users of version 1.7 should update to version 2.5.0 before that time. The new update process is very simple, and complete instructions are available here. Note that there are now easier and better ways of updating than FTPing the files.
Get Joomla! 2.5 here.