Yes.
Larry Wall and others are already working on a Perl 5 to Perl 6 translator,
which will be able to translate (most) Perl 5 source code to the equivalent Perl 6 syntax.
In addition,
Perl 6 will provide a "Perl 5 compatibility mode",
allowing the compiler to directly execute any code that it recognizes as being written in Perl 5.
Many of the features mentioned in the previous answer are specifically aimed at making well-written Perl 6 code even more readable and maintainable than well-written Perl 5 code.
As for line-noisy,
Perl 6 will remove or mitigate many of the usual suspects.
For example,
the majority of the punctuation variables are gone,
and the regex syntax has been considerably sanitized.
However,
much of what Perl's detractors refer to as "line-noise",
we prefer to call "the actual syntax of the language".
Complaining that Perl is "noisy" is like complaining that English is "wordy": all those confusing pronouns and gerunds and prepositions and conjunctive adverbs,
etc.
making it hard to read.
Perl's fundamental philosophy in that area isn't going to change,
so Perl 6 will still have a rich grammar in which distinct components are specified using distinctive syntactic forms.
Parrot (the virtual machine on which Perl 6 will run) can compile your program to bytecode and -- on commonly used platforms -- to native executable files.
So Perl 6 will be exactly like every other compiled language: it will be possible to protect your source code,
but only from those who don't know how to run a disassembler.
Maybe.
The parrot bytecode requires the parrot to run it,
but if you are in desperate need for a stand alone executable,
you can statically link parrot and your program to a single executable.
In regards to Perl 6,
the answer on release dates is really "when it's ready".
There is no major commercial sponsor for the language development so the majority of the work is driven by volunteers and donations from the Perl Foundation (http://www.perlfoundation.org/).
That said,
there is much progress being made in the last year,
including the Pugs project which allows you to start testing experimenting with some perl 6 features ..
now!
For more information on the latest re: perl 6,
check out:
You may also wish to have a look at some of the Perl6::* modules.
which experiment with adding new language features to perl5.
See the current list on CPAN (http://search.cpan.org/search?query=Perl6&mode=module).
If you really want to see Perl 6 done faster,
the best answer is ...
get involved!
Sign up for the mailing lists and consider contributing some tests,
documentation,
or code to the Parrot or Pugs projects depending on your level of experience (or even donate real dollars to the Perl Foundation ;)