Public release is the 1st August, its called Reo V3, because Ozone is moving to a version naming system for all their kites from now on. The next kite to be released after that is the Chrono V2 on the 1st September, more news about other models later.
The bar is not changing in the next 12 months, it is a very functional bar, especially now with the soft ends.
Ozone have a Just In Time (JIT) manufacturing facility they own 100% and business model. They do not release several new models all at once like many of the other brands, they just cannot work that way, if they did manufacturing lead times for dealers would blow out to months. The advantages are that they can make running improvements, and focus design skills on perfecting one model at a time, but with some technology and materials changes crossing into all models throughout the "version" cycles they now work with.
Every single kite is made to order for each dealer order, and you can even order custom colour kites via their website and send the design to your dealer, there is a small (approx $100) charge for this service. See this link, but its available for all models.
ozonekites.com/products/water-kites/reo/