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Yesterday, Oct 28th, PTC announced Creo, our new design software strategy. Creo will be released in mid-to-late next year, 2011. The beta will be out in the Spring.
Since the core of Creo is Pro/ENGINEER, CoCreate and ProductView, these products have been renamed... Pro/E becomes Creo Elements/Pro, CoCreate becomes Creo Elements/Direct and ProductView becomes Creo Elements/View. The Elements part of the name simply refers to the fact that these products that you are using today are part of a bigger strategy, foundational elements of a new technology, that we expect will solve a lot of challenges that CAD users across the spectrum deal with every day. There is a lot more information about the renaming here but keep watching this space and we will keep you all updated. If you want to know all about Creo, check out the new website or read the discussions on the Creo forum.