Heres an email that i just got from PayPal, according to PayPal the new CC system isnt scheduled to be announced as of yet, although it is already implimented in the suite of new features listed below:
PayPal has optimized the checkout experience by
launching an exciting new improvement to its payment flow. These
changes apply to the following Website Payments features: Buy Now
Buttons, Donations, and PayPal Shopping Cart.
With the new checkout, making a transaction is
easier than ever. Your buyer can complete a payment first, and then
have the option of saving their information for future transactions.
Once customers have decided to make a purchase, they are walked
through four easy steps:
1. Shipping information
2. Billing information
3. Review of payment information
4. Save customer information with PayPal (optional)
? To shop more quickly and easily in the future, customers can
save their personal information they?ve already entered with
PayPal. All they need to do is choose a confidential password
and answer a few security questions.
To toggle off this new feature, simply log in, go to
Profile subtab, click on Website Payment Preferences in the
Selling Preferences column, and check the yes/no box under
PayPal Account Optional.
The PayPal Team