Odoo 17 is set to be released in October 2023, featuring enhancements such as a refined user interface, dark mode, an advanced search view, and a new todo module. Key updates include the ability to add products from a catalog, interactive pop-ups, preparation status in POS, and a self-ordering QR code menu. The release also includes functionality for printing employee resumes and reminders for document signing, aimed at increasing efficiency and productivity for businesses.