Technically it is called the AF-S DX NIKKOR 16-85mm f/3.5-5.6G ED VR. What it means is that Nikon is introducing a DX format lens that is similar to its 24-120mm lens on a full frame camera. The Nikkor 18-200mm doesn't go wide enough for me to qualify it as a one-lens solution. The new 16-85mm lens appears to be a good landscape to portrait lens. I can use this if I need a super lightweight, one-lens solution. Pair it with the new Nikon D60, and we've got a lightweight, back-packable DSLR. Woohoo!
I don't need one right now, but I'll be keeping a close eye on the reviews for this baby.