Microsoft announced today that you can pre-order the new Windows 7 Operating System at a greatly reduced price. This offer will expire on July 11th so you must act soon. The Premium Edition for this offer is priced at only $49 and the Professional Edition will be $99. On the official release date of October 22nd the prices will be $119 and $199. Details from CNET News.
You may pre-order at Microsoft or one of your favorite stores including Best Buy, Office Depot, Office Max, Costco, Staples, Wal-Mart and other retailers. You can upgrade directly from Vista, but you will have to do a clean install if you still are using Windows XP. You can explore the features, compare editions, and watch videos at the Microsoft link above.