Will iTunes 8 be released today?

With all the speculation of a new iPod it is widely expected that a new version of iTunes will be released today as well. If the iPod is going to have coverflow and possibly Wi-Fi then an update will be needed. With the potential for so many new iPod features it would make sense to go to the next version of iTunes rather that just a small upgrade. Fingers crossed that is goes smoothly as iTunes updates in the past have been known to not go very smoothly which resulted in further updates coming out a few days later.