Thanks to a "pretty reliable" informant for The Boy Genius Report we have some rumors as to what features may be included in the next major release of iTunes, Apple's digital media player and storefront.
First on the list is the possible support for Blu-ray Disc. Even though Apple, Inc. pay's $50,000 per year to maintain a seat on the Blu-ray Association's board, Apple CEO Steve Job's referred to the disk format as a "bag of hurt" late last year. This rumor lines up nicely with another rumor from AppleInsider which says a refresh of the iMac desktop may include Blu-ray. If this rumor does hold true, I for one hope that it include exporting / backup of the iTunes library to BD-R. With over 100 GB of music, movies, apps, and more in iTunes those DVD backups just don't cut it anymore.
Next up on the rumor list is a method to visually arrange apps on your iPhone or iPod Touch. This should be a welcome feature to anyone with an iTouch device, and has long been a feature requested by frustrated users.
The last rumor on the list is possible integration with social networks like Twitter, Facebook, and Last.FM. We can only assume that this type of integration is going to be a broadcast type service similar to the third party apps often installed with IRC and instant messenger clients (i.e. d3bruts1d is now playing Use Somebody by Kings of Leon). If true, this would be the second Apple product to include support with Facebook. Apple's iPhoto '09 (part of the iLife '09 suite) allows uploading of pictures directly to Facebook.
We could see a new version of iTunes as early as September, which is usually when the program gets a major update. The release could also be accompanied by updated iPods, most likely iPod Touch and iPod Nano models with a built in camera.