I know it is all speculation at this point, but the reason I am asking is that the Buyer's Guide says to wait because it is nearing the end of its cycle.However the last iMac was release 207 days ago in November 2012, and the time before that was 577 days!! If Apple keeps to that cycle it will be over a year before we see the next update. My late 2007 iMac is running fine but slow (mostly I think because of the 4MB RAM limitation) and I would really like to update to something faster; it is my main computer and runs my iTunes library (from a locally attached FW disk) for my TV downstairs. I thought about just getting an MBA and leaving the iMac as-is, but I really cannot stand to work on a laptop (bad eyesight) so my thought is to get a new iMac and an iPad; this would give me a faster main computer and server, and the iPad could be used for remote access from downstairs. Another possibility that I don't like as much is a Mac Mini downstairs direct attached to my Time Capsule (moving the iTunes library to the TC) and an iPad; this might work better as a server (my iMac is attached wirelessly upstairs and the TV is direct attached to the TC downstairs). EDIT: I would be interested in the new iMac primarily for the faster wireless (I would update my TC also if that happened).