Xara announced that they are releasing an open source version of their vector drawing program, Xara Xtreme.
Xtreme Software is:

• Graphics software for all your drawing and day to day photo needs, ideal for both print and the web
• Creating web graphics
• See gallery/effects of Xtreme online

Xara Xtreme on Linux will bring a leading-edge graphic tool to the Linux platform. This is really a good news for all of us.
Read slashdot story and offical press release.