Very interesting, Nasa unveils Hubble's successor.

The US space agency Nasa has unveiled a model of a space telescope that scientists say will be able to see to the farthest reaches of the Universe.



It will be placed on the Lagrange Point number 2.
This look like very interesting news, I am wondering if they will make the named targetdeadline of june 2013. 
My guess is they will not make it by then, but not by more then a 
year later.

//Z

Update: Found more information