From the project
TurnKey Core 12.0 RC optimized builds
Last month we announced the release candidate for TurnKey Core 12.0 - the common base for all appliances, based on the rock solid Debian Squeeze (6.0.4).
It took a little longer than expected, but we've finally released all the optimized builds for TurnKey Core 12.0RC: ISO, VMDK, OVF, Amazon EC2, OpenStack, OpenVZ and Xen.

The optimized builds can be downloaded from the core appliance page, directly via the TurnKey channel in ProxmoxVE (OpenVZ), deployed in the Amazon EC2 cloud via the TurnKey Hub, or via one of the official TurnKey partners (soon).
Build specific release notes
Common (ISO)
- See the announcement.
Amazon EC2
- Deployment: The TurnKey Hub has been updated to support Core 12.0 deployment and management (Launch new server -> 12.0). Once the full library has been updated to TKL 12.0 it will become the default, and the current release will be moved to Legacy.
VM optimized (VMDK, OVF)
- Open-VM-Tools: Previous VM optimized builds included the proprietry VMWare-Tools, but since VMWare have released a large portion of the code under the GPL, we've moved to open-vm-tools.
- Swap warning: VMware products might display a warning that no swap space was detected. This is a false positive, as swap is configured in LVM.
OpenStack
- Ramdisk required: TurnKey 12.0 requires the initrd to be registered for successful boot (exemplary import and registration code).
OpenVZ
- Naming convention: We've updating the naming convention for openvz builds to support vanilla OpenVZ out of the box, and eliminate duplication for the Turnkey PVE channel. Thanks Jeremy!
- Removed NTP daemon: The NTP daemon has been removed as the clock is managed by the host. Thanks Martin!
- No more upstart hacks: Removed Ubuntu upstart hacks as they are not relevant in Debian.
Xen
- Xen optimized kernel: Moved to the Xen optimized kernel provided by Debian (linux-image-xen-686).
As always, we need your help in testing the builds. If you come across any issues or have ideas how they can be improved, please post a comment.
AFAIK the vision is to cater to the 2 different markets/perspectives with 2 different appliance versions. One based on Debian, one on Ubuntu.
Debian release will be for rock solid stability and tried and tested security (as all repo packages are maintained by Debian and have security bugfixes backported). Even though it is TKL v12, the Debian release is based on Squeeze which was released over a year ago now and had package versions frozen ~6-8 mths before that so there is nothing new about them besides the bits TKL adds.
Ubuntu will be more middle ground aimed at people who prefer newer packages with more cutting edge stuff (although it will still date over time). The TKL v12 Ubuntu builds will be based on Ubuntu 12.04/Precise which is still in beta currently but will be released end of the month IIRC. So it will have much newer packages (until next Debian release anyway...) I'm not sure when we will see TKL Ubuntu based 12.x builds...