The developers were aiming for late May 2013, but the release date is still unknown.
-Mojang has said that it will be released sometime in June. We might get a new launcher and Snapshot 13w24a Was released June 13.
Chat with our AI personalities
The next update should come out soon.
tommorow!!
The update came out today (October 25, 2012) !
It will be the 1.6 update, released May/June 2013.
The Minecraft update 1.6 has already been released as of September 2013. The 1.7 update is set to release before the end of the year.