As far as I understand it...
The Generation teaching(pre 1995) was that SOME of the generation that were (of an age of understanding, then changed to just alive) in 1914 would make it through Armageddon.
Then (post 1995), the Generation became simply a term for "a bunch of people", referring to a "wicked" group.
Now (as of the Annual Meeting 2007), the Generation is due to become "The Anointed".
So you now have the situation where the anointed form "the generation" that will ENTIRELY pass away before Armageddon. This is daft really, as when Jesus said "this generation will be no means pass away", he was speaking to people that weren't anointed (the anointing didn't take place until Pentecost). With the "new light" shining out of the May 1st 2007 Questions From Readers, the "anointed" rules were relaxed to allow pretty much anyone that feels that it applies to them to be able to consider themselves anointed WITHOUT BEING CHALLENGED by the congregation. Hopefully I've got a handle on it... but I didn't see that in the new Jan 15th 2008 Watchtower - I only saw clarification of the 1935 change. Can someone point me in the direction of the change if it was there please. Thanks AO