Cult of Mac reports that it has received information indicating that revamped versions of Apple's Time Capsule wireless router/hard drive combination will serve as the hub for iCloud data syncing, with data stored directly on the device rather than on Apple's servers. The source reports that this implementation of a local iCloud is "fully baked" and ready for deployment in future versions of Mac OS X and iOS, although there has been no hint of the functionality in developer seeds of Mac OS X Lion seen thus far. It is also unclear how such a system would integrate with the iCloud music streaming service, as a number of reports in the mainstream media suggested more of a true cloud-based system for that aspect of things, with Apple able to scan users' iTunes libraries and simply provide streaming access to those tracks from any device connected to the user's iCloud. As noted by MyService, Apple's idea of a local cloud network dates back twenty years, with Steve Jobs having detailed some of the advantages of such a setup during a Q&A session at WWDC in 1997. (Discussion begins at around 13:10 mark.) Cult of Mac's claims harken back to a report from The Loop's Jim Dalrymple back in mid-February in which he claimed that cloud-based strategy for a revamped MobileMe would in fact be focused on streaming data from users' machines rather hosting it directly on Apple's servers. A local cloud stored on a Time Capsule device would seem to be a middle-of-the-road solution offering much of what Dalrymple proposed while avoiding the need to keep a source computer awake and running for the service to function. We'll certainly be learning more about iCloud tomorrow as Steve Jobs takes the stage for the keynote at this year's Worldwide Developers Conference at 10:00 AM Pacific Time / 1:00 PM Eastern Time. MacRumors will be providing live coverage of the keynote via MacRumorsLive and Twitter. Article Link: New Time Capsules Rather Than Apple's Servers to Act as Hub for iCloud Data Syncing?