Yes, Minecraft stuff! I know you're excited.
PC version just got a new bump with version 1.5 that has been dubbed the "Redstone update".
Added Redstone Comparator (used in Redstone logic)
Added Hopper (collects items and moves them to containers)
Added Dropper (similar to Dispensers, but always drops the item)
Added Activator Rail (activates TNT Minecarts)
Added Daylight Sensor
Added Trapped Chest
Added Weighed Pressure Plate
Added Block of Redstone
Added Nether Brick (item)
Added Nether Quartz and ore
Added Block of Quartz, with half blocks and chiseled variants
New command: /scoreboard
New command: /effect
Containers and mobs can have custom names
Inventory management has been changed, for example you can drag-place items over slots
Texture packs now have separate images for each block and item, and can have animations
Nether Quartz Ore now spawns in the Nether
Smooth lighting now has three settings (none, minimal, maximum)
More detailed death messages
Some hostile mobs now are harder in Hard difficulty
Many, many, bug fixes
Removed Herobrine
I'm most excited about the texture pack change. Used to be every terrain texture was in a grid on a single PNG. It has now been changed to each one being its own texture. As a bonus to this you can now animate individual surfaces, so as an example you can have diamond blocks "sparkle" to make them more noticeable.
Other news:
Xbox 360 version will get a retail release. It will be the latest version and of course get updates as long as your system is online.
Other other news:
Minecraft Realms is a new service for parents and kids to easily rent a Minecraft server for the kids to play on. They can invite all their friends to join so you don't have to worry so much about public servers and random assholes. Kind of cool. $10-15/mo is the estimated cost which doesn't seem that bad. When it goes live maybe we can think about it?