Production of MODIS Terra Version 5 (V005) data started in early September 2006 and is expected to be complete by mid-2008. Currently in 2006, only reprocessing of old data is being done for V005, and only newly acquired data is being processed for Version 4 (V004).
However, starting in 2007, newly acquired data will no longer be processed for V004, and will only be processed for V005, as well as the continuation of reprocessing of the old data for V005. Then in mid-2008, all reprocessing of old data for V005 should be complete, and only processing of newly acquired data for V005 will be done.
For your reference, the MODIS Terra Version 5 Reprocessing Plan is illustrated below with the use of three timelines. Thus, timeline number one shows what is currently being processed and reprocessed. Timeline number two shows what will be processed and reprocessed starting in 2007. And timeline number three shows what will be processed in mid-2008.
