biblatex is a modern tool for typesetting bibliography with LaTeX. It is more powerful than the good old BibTeX but uses the same database language (bib-files). This makes switching to biblatex easy. You can still use the bibliography management tool of your choice (like JabRef, Mendeley etc.) provided that it supports the bib-files.
While biblatex was first publicly released in 2006, the first stable version (version 1.0) was released on 2010-11-19. As a result, biblatex is mature and well supported by the community, including the availability of several custom bibliography styles.
Support on biblatex can be obtained at comp.text.tex and Stackexchange. Biblatex is written by Phillip Lehmann.
Update: biblatex styles:
- Main biblatex styles are described in the biblatex manual and include (as of 2011-01-03) numeric (-comp), alphabetic (-verb), authoryear (-comp, -ibid, -icomp), authortitle (-comp, -ibid, -icomp, -terse, -tcomp, -ticomp), verbose (-ibid, -note, -inote, -trad1,2,3), and reading
- German historical style by Dominik Wassenhoven: biblatex-dw
- Other styles available at CTAN (CTAN:biblatex-contrib): authoryear-icomp-tt, APA, chemistry, Chicago, historian, jura, MLA, Nature, Philosophy, Science, Historische Zeitschrift
texnical 