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The last I heard was that Google hoped to be shipping the commercial version of Glass toward the end of the year. With Google Glass Explorer Edition (the beta version) just now going out to 15,000 early testers and developers, it's too early to tell if Google can ship by year's end (assuming that's the plan).
The other big issue for the commercial version is pricing. What will Google charge for Glass? It can't be anywhere near the $1,500 for Explorer Edition. I think a lot will depend on what kind of apps evolve between now and then.