The SEO and webmasters have been waiting for Googles new Penguin update for a long time. Google has been acknowledging a new update that will refresh in real-time, so those affected by it won’t have to wait for another Google Penguin update to have any hope of recovery. It will be constantly refreshing.
Google’s John Mueller thought about a month ago, he anticipated the new Penguin update before the end of the year. Google’s Gary Illyes had mentioned that it was in the “foreseeable future” and he “hoped” it should be here before the year’s end.
Illyes in the meantime been tweeting about it a little with interested parties. Last week, he was tweeting (via Search Engine Roundtable) that it’s not quite ready for primetime.