The Daily is the much-rumored, iPad-only publication from News Corp. Murdoch has supposedly worked closely with Apple and Steve Jobs himself during the app's development. It was rumored that the app would be revealed at a December press event that was to feature Jobs, Murdoch and an overview of the alleged "newsstand" feature that many believe will introduce in-app subscriptions to the App Store.
Kafka notes that The Daily will supposedly sell for US$0.99 per week, and that the extensive staff Murdoch has assembled will produce lots of video and other gee-whiz tech goodies for Daily readers to enjoy.
That rumor of a December release turned out to be a dud, so don't get yourself all excited just yet. We'll know soon enough.