XBMC version 14 is fast approaching; Helix the development version has recently reached the second alpha and is available for download and testing. Once testing is complete Helix will be released as Kodi 14, hopefully in the next few months.
Yes you heard correctly, the release of version 14 will see a major re-branding, XBMC14 will become Kodi 14. A name that will resolve many trademark issues, like not being able to register XBMC because of the XBox reference in the name. The fact that XBMC is now far more than a media center also invalidates the MC part of the name.