After months of work, Varien’s Magento - shopping cart that wants to develop de facto open-source e-commerce standard, is now ready for his first ever stable 1.0 release.

Main site will be down for a while, but you can still follow them on Twitter.

Hold your breath…

Quote from a recent Magento Forum post:

I have been working with ecommerce software for quite sometime. I am very impressed with Magento. I believe it will become the de facto standard for open source e-commerce software … it is so well done and does so many things right. I wanted to post a ‘congrats’ and ‘thank you’ to all responsible. I look forward to contributing what I can to this incredible project!

Developers of Magento today listed top 5 Magento features that they fave most, those appear to be:

• Layered Navigation
• Multiple site control from a single admin interface
• Multiple themes and design flexibility
• Catalog and Shopping Cart price rules (Magento’s rule-based pricing system)
• Checkout Process - single page checkout and multiple ship-to addresses functionality

If you have not checked it out, you definately should do it here: http://www.magentocommerce.com/