iTunes 11 to be a Complete Redesign?

iTunes 11 is expected to be launched this fall along side new iOS devices. If this rumor is to believed, Apple is working on a complete revamp to iTunes, focusing on improving performance and the user interface. iCloud may also be integrated, so backups of your iOS device would automatically be synced with your computer. It's also believed that Apple would improve the iTunes store, making it integrated into the application rather than looking like a web page.

Apple normally hosts their media events in the fall, and is expected to reveal iOS updates this September.
via CultOfMac