iTunes 10.4 Mobilesync Location Changed in Lion?

[xUNDEROATHx21]

Hi, I was wondering if anyone could direct me to the iTunes mobilesync folder location, it appears to have changed under Lion and iTunes 10.4. I'm looking for a backup file, but I just can't find the folder location. Any help would be appreciated!

 

[BlaqkAudio]

It should still be under ~/Library/iTunes, but Lion hides ~/Library by default.

Type this into terminal to unhide ~/Library: chflags nohidden ~/Library