It's based on OpenERP and the realease is expected in 20 days.
If you want to test now, here are the Launchpad branches:
<a href="https://code.launchpad.net/~openerp-dev/openobject-server/trunk-website-al" rel="nofollow">https://code.launchpad.net/~openerp-dev/openobject-server/tr...</a>
<a href="https://code.launchpad.net/~openerp-dev/openobject-addons/trunk-website-al" rel="nofollow">https://code.launchpad.net/~openerp-dev/openobject-addons/tr...</a>
<a href="https://code.launchpad.net/~openerp-dev/openerp-web/trunk-website-al" rel="nofollow">https://code.launchpad.net/~openerp-dev/openerp-web/trunk-we...</a><p>One can also test it on runbot: <a href="http://runbot.openerp.com" rel="nofollow">http://runbot.openerp.com</a> (connect on the trunk-website-al branch)