Starting in 2000, the ISO technical group in charge of maintaining the Ada language has been looking into possible changes for the next revision of the standard, around 2005. Based on the input from the Ada community, it was felt that the revision was a great opportunity for further enhancing Ada by integrating new programming practices, e.g., in the OOP area; by providing new capabilities for embedded and high-reliability applications; and by remedying annoyances encountered during many years of usage of Ada 95. This led to the decision to make a substantive revision rather than a minor one. This paper outlines the standardization process and schedule, and presents a number of key improvements that are currently under consideration for inclusion in Ada 2005.