Android 5.0 Lollipop:
Android Lollipop Release date:
Android Lollipop got developer edition on June 26, ANd soon the device’s gonna launch by this fall – This November.
This is a piece of content from a few months back :
” Android Lollipop or Android Liquorice or Android Milkshake.

Android 5.0 Lollipop Features:
Material Design:
This new Material Design concept in Android 5.0 Lollipop makes the device more colorful, bold, attractive and responsive. Lollipop Uses new fonts, fantastic colors, varied icons, with the use of realistic lighting and Shadows helps to focus on content.
Android 5.0 Lollipop for smart watches and cars too:
Android O.S which comes before lollipop supports only phones and tablets, but this Android 5.0 Lollipop Supports smart watches, cars and even your TV’s too.
Better Battery:
Android Lollipop says: More time playing and less charging – Which means better battery, It is easy to estimate the charging time. While Charging, the Device shows the remaining time to get fully charged. Power for the long haul with a battery saver feature that extends your device by up to 90 minutes.
Security:
Android Lollipop is more secure it allows Guest user mode to share devices securely. Even the creation of multiple account is possible. Allowing your friends to handle your device is more secure no one will be able to access any of your stuff. Make use of Smart locks 😀
Customization in Lollipop:
Lollipop allows your device, your rules strategy. Now the owner can customize the device to his needs
Certainly, I think Android’s next version 4.5 is indeed going to be called as Lollipop and will be launched next month at google I/O conference