iCloud to be released at the WWDC in mid June?

  As we all know by now Apple will be talking mainly about the new Mac OS X Lion its release date, features, and the future of Mac OS X. But according to The Economist Apple will be announcing their new Cloud service(iCloud) at this event.
  The Economist has reported that after the california based company (Apple) has made at least 3 deals with the 4 major record labels after months of negotiation.