It’s all coming together now.

Last Thursday Kanye West and Jay-Z released the second Watch the Throne single “Otis” onto the ‘Net. Preview it at Kanye’s website and download it at iTunes. The soulful single (featuring a classic Otis Redding sample) follows the previously released regal symphonic piece “H*A*M.” Check out the cover design by Ricardo Tisci of Givenchy after the break.

And now we know exactly when the collaborative album is set to release. Watch the Throne–both the standard set and the deluxe version containing 4 additional tracks–will release digitally on August 8. You can preorder the digital copy at iTunes today. The album will release in physical form four days later on August 12. But read the fine print: the physical standard set releases everywhere on the 12th, and the physical deluxe version will release exclusively in Best Buy stores on that same day. The deluxe version will will be sold everywhere else starting later in the month on August 22. Got it? Good.

To add more excitement to the mix, the rap king and his mighty apprentice are readying a Watch the Throne tour to promote the upcoming album. Together ‘Ye and Z will be known as “The Throne” and the tour is set to kick off September 22 in Auburn Hills, MI. Though a tour schedule has been released, due to overwhelming demand the duo has decided to add additional shows to the tour; once the updated schedule is released on Monday, August 1 check back here to see if they’ll be visiting your city. The presale date is August 2 at 10AM location time (the password is WWT) and public sales begin the following Monday, August 8. Tickets will be made available through TicketMaster and LiveNation.

So the countdown to Watch the Throne begins. Eye the tracklist here.