The work around the SLE-sources-based openSUSE release has been announced this morning. Douglas DeMaio posted Work begins on totally new openSUSE release this morning which outlines what the release team is thinking of at the moment for the next release of openSUSE.
You can find more information on the openSUSE Wiki on the openSUSE:42 page. That gives you a good outline of what the thinking is at this time along with some background information.
There is still a lot of work to be done, but the future is pretty exciting!