All of us were excited when we first heard of ubuntu for phones and I am sure many of you already checked out the unveiling of the ubuntu phone at CES 2013 (it was running on a nexus 4 I believe).
'Ubuntu Edge' is the name for the ubuntu phone that Canonical plans to come up with. And it's making news because Cononical has started a crowd-funding campaign to make this possible. Guess what..they are asking for $32,00,0000 (bn)!!! to make this happen. At day 5 as I post this they have raised 6bn.
Check out this video. This guys explains it beautifully in 6mins.
Do check out the links given on the same page to know more.