It looks like Snow Leopard might be coming a bit earlier than expected if slides from Apple's Director of Engineering of Unix Technologies, Jordan Hubbard are to be believed. Originally planned for "about a year" from WWDC 2008 (July), the change of schedule would be a significant optimization
We should caution that this is only one person's presentation slide and could factually incorrect, though he is certainly a person who would be in the know.
Via MacRumors