"The NET Bible (New English Translation) is a completely new translation of the Bible, not a revision or an update of a previous English version. It is being completed by more than twenty biblical scholars who are working directly from the best currently available Hebrew, Aramaic, and Greek texts. The translation project originally started as an attempt to provide an electronic version of a modern translation for electronic distribution over the Internet and on CD-Rom. Anyone anywhere in the world with an Internet connection will be able to use and print out the NET Bible without cost for personal study. In addition, anyone who wants to share the Bible with others can print unlimited copies and give them away free to others."
For more information check out Bible.org and more specifically the NET Bible Home Page