Yes, it is coming. :) I am soooo happy. I can see where my summer will be spent. Mmm.
For the others on my flist that are addicted to the HOMM series (and also are a bit behind on the news, like I was), here's the Ubisoft site with some nifty videos and screenshots:
http://www.mightandmagic.com/us/ Amazon is already selling pre-orders for the late June release.
Now I've got the urge to get out my other Heroes games and play for a bit. I see already that HOMM5 will be cause for at least one PC upgrade -- DVD drive. I'll wait till I see more of the requirements, though, so that I know the minimum speed and if there is anything else I need to upgrade.