A project, or set of projects, at MicrosoftCorporation, with varying scope at varying times; never shipped. At various times, Cairo has been billed as:
A "next-generation" version of Windows. When Cairo was being hyped in the mid-90s, many assumed that NT 4.0 would be Cairo. When NT 4.0 shipped and it amounted to little more than the WindowsNinetyFive UI on top of the NT 3.5 core, people started speculating that NT 5.0 would be Cairo. NT 5 shipped, though renamed WindowsTwoThousand, and that still wasn't Cairo. Nor was WindowsXp, WindowsTwoThousandAndThree. Maybe WindowsLonghorn?
A long-running "technology development" project, which prototypes and develops new technologies that are subsequently incorporated into products, but which is never shipped itself.