Update: Mac OS Lion 10.7 is available now
3.49 GB OS X 10.7 Lion is here!
Download Mac OS 10.7 here

The rumors can now rest…

Word from Apple is that “We will be launching Lion tomorrow, ” said Peter Oppenheimer, Apple’s CFO, during the early stages of a quarterly earnings call with Wall Street analysts. Oppenheimer did not name a time of day Wednesday for Lion’s release. We could expect to see a rollout in the late mid-morning, around 10am. But perhaps earlier.

The download of the 10.7 Lion could take several gigs of disk storage and if you have a slow connection could take hours to download.

Previously, Apple had said only that it would ship Lion during July, but had refused to state a specific date.

Last week Apple said the upgrade would be available “soon.”

Apple provided a “gold master” build of Lion on July 1, but did not send/seed another version.

Lion requires a Mac with an Intel Core 2 Duo, Core i3, Core i5, Core i7 or Xeon processor; 2GB of memory; and Snow Leopard.

Lion will be $29.99 and it is required that you have Mac OS X 10.6.8 Snow Leopard installed.

Unlike previous OS upgrades, Lion will be available only via download from the Mac App Store.