Apple is hosting its annual WorldWide developer's conference today (WWDC) and Steve Jobs will come out of sick leave to provide some insight into iCloud.
In addition, is expected that Apple will announce its new Lion operating system and IOS5. There are even rumors that they may announce the iPhone 5 and possible a back to school promotion for students.
The most anticipated announcement is certainly related to iCloud. Many speculate that it will allow streaming of your iTunes music in the cloud and perhaps be a revamped version of MobileMe, allowing you to stream various media across all your devices. It is expected to be free for a trial period and then cost $25 per year.