After a long time reorganizing, the merged projects (Compiz and Beryl) have launched their first development release of the new Compiz Fusion. This is the first development release of Compiz Fusion, the result of more than six months of work and polish. The first stable release, 0.6.0, will follow after the Compiz 0.6.0 release.
Compiz Fusion is the result of a merge between the Compiz community plugin set "Compiz Extras" and the parts of the Beryl project that are independent of the window manager core. The two communities have re-united to create a user experience for Linux that rivals anything available on other platforms.
The merge between Compiz and Beryl, combined with the continuing increase in stability, reliability, and usability both in Compiz, Compiz Fusion and the
surrounding software environment (better driver support and so on), means Compiz Fusion will be included in many more distributions. Compiz and Compiz Fusion will be enabled by default in some of them, making Compiz usage easier for everyone.
Read the official announcement.