Red Hat’s press release on the news:
The Fedora Project, a Red Hat, Inc. sponsored and community-supported open source collaboration, today announced that the latest version of its distribution, Fedora 7, is now available. The Fedora Project provides the best of next-generation open source technologies and, in its latest version, features a new build capacity that allows for the creation of custom distributions. Fedora 7 now offers a completely open source build process that greatly simplifies the creation of appliances that can be targeted to meet individual needs.
Fedora 7 provides the first appliance development platform that is 100 percent open source with an entirely free distribution build toolchain. The Fedora 7 source code is hosted in a public version control system, the RPMs are built on an external build system and the distributions are built with an external, open source compose tool that allows access by the entire Fedora community.
Through Fedora 7, the community is given an enhanced role that encourages greater openness and collaboration. As a result of its flexible, public build environment, Fedora 7 provides users with the ability to customize like never before. With these capabilities, combined with live CD, DVD and USB technology, the possibilities for appliance creation are endless. After customization, Fedora can be loaded onto various forms of bootable media, allowing users to run their operating system without a hard disk installation.
There’s also some virtualization news to be had, as Fedora 7 features Kernel-based Virtual Machine (KVM) and Qemu virtualization technologies (in addition to Xen). This makes sense given the inclusion of KVM in the mainline kernel. All implementations can be managed using the Fedora graphical virtualization manager.
On the community level, Fedora 7′s new single repository is accessible to Red Hat employees and community members alike, giving the community more influence over Fedora than ever before, Red Hat said in its statement.