On April 12th. 2016, Microsoft officially announced Project "Madeira". Previously project "Madeira" had been know as the next release of Dynamics NAV, just as NAV 2016 had been called "Corfu". Madeira was to be a "new" product, SAAS only and tight integrated to Office 365.
Later on July 6th. it was announced that Project "Madeira", together with Dynamics AX (AX7) and Dynamics CRM, would be part of Microsoft Dynamics 365. Madeira would become Microsoft Dynamics 365 for Financials as an part of the Dynamics 365 Business Edition.
When 365/Financials is released in October, only users in the US and Canada, will get access to the new product. Although developed upon and in Dynamics NAV, and both coexists, then 365 is only a subset of the functionality in NAV. A lot of the standard functionality of NAV will never see 365, while others will be redesigned, before being included in 365.
In Microsoft this project is one of the most important in many years. Together with the purchase of LinkedIn.com, then this shows that Microsoft is no longer primary a software company, but an online service partner.
In a presentation to partners in May, Microsoft came with the "Extensions are the only way forward enhancing NAV in the future. No matter the customer scenario." statement (*). That lead to a lot of debate in the community, if this would mean that Navision's dead? Microsoft showed an early preview of the new page designer, where the changes would be saved as Extensions. And also a new whole new code editor build into VSCode.
On September 9th. Microsoft for the first time ever released a "Limited/Go-Live Beta" of Dynamics NAV 2017. A version without some of the changes presented in the 25 previous CTP's (pre-beta versions), that had not yet been finished.
Surely exciting times.