Today Apple announced that their latest and greatest desktop OS will become available tomorrow, July 20. Mac OS X Lion (v10.7) will strictly be available for purchase in the Mac App Store; to reiterate, you will not be able to pick up a physical install disc in stores. The 4GB download costs $29.99. What a steal!

Read all about the new features baked into Lion HERE & HERE.

Update: Lion is out now. Offical PR is after the break. Some bits you should know: Lion requires an Intel-based Mac with a Core 2 Duo, i3, i5, i7 or Xeon processor and 2GB of RAM; Users who do not have broadband access can download Lion at Apple retail stores; and later this August, Lion will be made available on a USB thumb drive through the online Apple Store for $69. Also, Mac OS X Lion Server is now available for $69 through the Mac App Store. Continue reading Mac OS X Lion releases tomorrow [Update: out now] →