Microsoft to release new operating system late next year

May 28, 2008 3:31:37 PM PDT
According to Microsoft, its next operating system will be made for touch-screen applications.

Bill Gates met with reporters in California on Wednesday to discuss the Windows 7 System. The system is slated for release sometime late next year.

Microsoft's last system, Vista, drew complaints from customers and critics.

Much could be riding on the success of the latest operating system.