Ken Smith has announced the availability of the second release candidate for FreeBSD 7.0:

The second Release Candidate for FreeBSD 7.0 is now available on most of the FTP mirror sites. Users of i386 or amd64 systems may wish to perform a binary upgrade to 7.0-RC2 using code recently added to the FreeBSD-update utility. On systems running 7.0-BETA4 or 7.0-RC1, the instructions for minor upgrades should be followed for this purpose; on systems running older releases or BETAs (including 7.0 BETAs prior to BETA4) the lengthier instructions for major upgrades should be followed. We sincerely hope this will be the last of the public tests for 7.0 and that the -RELEASE builds will start in about a week and a half. If bug(s) considered big enough to be show-stoppers are found we will of course reconsider but hopefully we’re in good enough shape now to proceed with the release.

Here is the full release announcement