(From Phoronix News)

Over 12 years since the project was started, FreeDOS version 1.0 has finally been released! FreeDOS v1.0 should now be a "viable and stable" MS-DOS replacement. FAT32 is supported as well as long filename support. Grab it and find out more over at SourceForg.e
http://sourceforge.net/forum/forum.php?forum_id=608122