I think we will not see iTunes 11 until after Lion is released. It will be 64-bit and will require Snow Leopard or Lion. iTunes 10 will get a few more updates before it runs like iTunes 9 does for us Tiger users.My last minute thoughts:
- Lion
- iOS 5
- iCloud
- Revamped MobileMe for $49/year (incl. iCloud)
- Rebranded iDisk as iCloud for $25/year
- No @icloud.com addresses
- Dead iSync
- iCloud syncing taking over most of the iTunes bloat
- iTunes 11 for, um, tunes
- iWork '11
- June 14th, Lion launch via MAS
- Lion physical media launch 2-4 weeks later
iWork is history because its apps will be released as individual apps in the App Store, so we will not see new versions until after Lion is released, which also means no Tiger nor Leopard support. iLife will get the same treatment so no more iWeb and iDVD, but iPhoto, iMovie, and GarageBand will still be pre-installed on new Macs. The App Store is giving Apple a clean way to drop Leopard support.
iCloud will be a system more than a single service. One part of this will be the new AirPort Extreme which will "know" what devices use it and will periodically check for updates for those devices. If updates are available, they get downloaded and installed at the user's convenience. People who are guests on the wireless network can also take advantage of this because an update is an update. This might work between computers that are within wireless range of each other. If I am using the new iTunes 11 and you still using iTunes 10, iCloud would make it possible for you to get the iTunes package from me. Apple will make it so we can decide what updates others can find and use, just like sharing is done in iTunes now.