In case you were wondering, Linux kernel creator Linus Torvalds still thinks GPL v2 is a better license than GPL v3. Which means he's probably not moving his code to the new license once it's released.
According to InformationWeek, Torvalds thinks the Free Software Foundation is overreacting to "TiVoization" and to the Microsoft-Novell agreements. The provisions of GPL v3 that address those issues obviously won't apply if Torvalds doesn't move the Linux kernel to the new license, but he admits that dual licenses would be difficult. As the article indicates, he leaves some wiggle room. In a weekend e-mail, Torvalds wrote:
I'm pragmatic, and if we can avoid having two kernels with two different licenses and the friction that causes, I at least see the _reason_ for GPLv3.