Oracle will be releasing Oracle 12cR2 in the first half of 2016. See Metalink Note 742060.1 for the current release schedule.
The Oracle 12.1.0.3 patchset is not on the list but there is a chance it will be out before 12cR2. We’ll have to wait and see I guess.
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Now for the burning question…do I upgrade to 12.1.0.2 or maybe 12.1.0.3 or hold off until 12.2.0.1?
