Inkscape 0.48 is available(No official announcement yet)| Install via ppa in Ubuntu

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An Open Source vector graphics editor, with capabilities similar to Illustrator, CorelDraw, or Xara X, using the W3C standard Scalable Vector Graphics (SVG) file format.

Inkscape supports many advanced SVG features (markers, clones, alpha blending, etc.) and great care is taken in designing a streamlined interface. It is very easy to edit nodes, perform complex path operations, trace bitmaps and much more. We also aim to maintain a thriving user and developer community by using open, community-oriented development.

The latest version of Inkscape is 0.48, there is still no official announcement yet, but the download links for this release are already available.

The highlights of this release are:

• multipath editing
• improved text tool: subscript, superscript, numerical input for text kerning, tracking and more
• new Airbrush tool
• LaTeX export with PDF/PS/EPS
• JessyInk extension to create presentations 
• numerous bugfixes

Installation via PPA in Ubuntu:

sudo add-apt-repository ppa:ricotz/ppa
sudo apt-get update
sudo apt-get install inkscape

For other Linux distribution you can download and install Inkscape from this Link.

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1. Inkscape 0.47 is released !