Since Hatsune Miku came out four years ago, VOCALOID has become popular not just in Japan but also overseas. What many don't remember is that Miku was one of the voices of the second generation of VOCALOID character products, with the first generation featuring the less widely known (though no less beloved) MEIKO and KAITO. Now, there's going to be a third generation of VOCALOID.
Straight from the VOCALOID panel at Anime Expo (courtesy of a picture from twitter user ashleyseto), is news that VOCALOID3 will be set for release this fall. While details of VOCALOID3 have been revealed a while ago - such as the new program's ability to create not only Japanese and English songs but also Spanish, Chinese, and Korean songs - the panel marks the first instance of a release timeframe being given. In addition, VOCALOID3 will feature the separation of the VOCALOID Editor and Singer Library, as well as the ability to import the VOCALOID2 libraries.
The following is a leaked VOCALOID3 demo song, showing off the program's Korean voicebank, which is based on the voice of Kim Tahi, a member of the K-Pop group "Glam". The song is called "I = fantasy". Although I am not Korean and therefore cannot vouch for the accuracy of the song's Korean, the song does sound pretty good to me.
Source: Vocaloidism