Latest Ubuntu already released on 30th Oct 2008. It isn't LTS (Long Term Support) edition, so you must reconsider again if you want to use it as your server platform. This version only has support until 2010, LTS version 8.04 has longer support until 2011.
If you want to try this version, you may be able to upgrade your 8.04 to 8.10. Please follow this link to learn how to upgrade http://www.howtoforge.com/how-to-upgrade-ubuntu-8.04-to-ubuntu-8.10-desktop-and-server.
There is 1 cool feature in this version that Ubuntu already bundle encryption Home Folder software to protect user data in case if the hard disk has been lost and found by someone who want to steal and use the data inside.
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