A highly reliable source told AppleInsider on Tuesday that the new version of iPhoto is "on its way." Since Apple has begun seeding a prerelease version of the software, it is likely to arrive within days.
iPhoto 9.2.3 will improve "overall stability" and address "an issue that could cause iPhoto to quit unexpectedly on systems with multiple user accounts," according to documentation sent by the source. The download reportedly weighs 256.9MB.
Apple released iPhoto 9.2.2 on March 7 after unveiling the new iPad and releasing iOS 5.1. That updated allowed photos to be deleted from Photo Stream, addressed compatibility with iCloud and iOS 5 and included fixes for several issues with the application.