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Seems a little premature to me, especially if Adobe is going to run through a Public Beta phase like with CS3. But, as always, no official announcement will be made until they're ready to stock shelves! :-)
Before people go speculation-crazy on this forum, too, please read Photoshop product manager John Nack's blog post about the tech tabloids just making stuff up about future versions of Photoshop:
Photoshop product manager on misinformation in tech tabloids
Yes - check John's site!
AND ALSO look at the current feature list of PHOTOSHOP CS3 Extended...
Photoshop CS3: 3D compositing and texture editing
Not only does CS3 already have the ability to paint on a 3D model, but you can create a 3DS house of cards by using VP filter.
Wasn't sure if the 3d painting was for painting on flat uvs or on the model..