Sun Microsystem do not wait until MySQL 5.2 or 5.3 comes out (and looks like it that they will not use 5.2 and 5.3 numbering) and they are working hard to push 5.4 comes out sometime in the future. They have integrated lots of new features on this version which makes MySQL have more and more features that were only available on commercial products in the past.
Right now, they have prepared the preview version of MySQL 5.4 which (sadly) only available for Solaris and Linux 64 bit only. Here's an article from MySQL which should give you a hint what will MySQL 5.4 look like in context of performance improvements and scalability.
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