Looks like it will be uncapped in 2010

[Murph]

Smith said the union's most recent proposal contains an offer to keep the current capped system for another year to allow both sides to continue negotiations.

"It is our view that obtaining an extension to the CBA prior to the uncapped year is in the best interest of both the players and the owners," Smith wrote. "However, the terms of any CBA extension must allow for players to get their fair share of NFL revenues while at the same time address the owner's issues in such a way as to allow them to continue to grow the game of football."

I take that to mean that the offer to keep the cap for 2010 comes with stipulations that revenue sharing be prorated differently to give the players more for this upcomming season. Since that issue is a major sticking point with these whole negotiations, I doubt the owners agree to it.

http://www.usatoday.com/sports/football/nfl/2010-02-23-nflpa-head-demaurice-smith-says-2010-likely-uncapped_N.htm?csp=34