“We’ve just received word from our source in the San Francisco Bay Area that Apple is planning to release Mac OS X 10.7 Lion on Wednesday, July 6th at 9:00 am Pacific Time,” E. Werner Reschke reports for T-GAAP.

Advertisement: Students, parents and Faculty save up to $200 on a new Mac.

“One particular item of interest about this news is that with OS X Lion being an online-release-only, Apple can wait until the 11th hour to release new OS,” Reschke writes. “They don’t have to first lock it down, then press it onto DVDs, then box it, then ship to their hundreds of stores and through distribution in order to meet a certain publicly announced launch date.”

Read more in the full article here.