The document summarizes the state of the HelenOS operating system. The latest release, version 0.5.0 from August 2012, included significant hardware support improvements and integration of development branches for USB, networking, and file systems. Upcoming work focuses on graphics, IPC improvements, and self-hosting capabilities like compilers and virtual machines. Long-term goals include a graphical user interface, additional device support, and using HelenOS as both a hosted and hosting platform for Xen.