According to an article about Apple's Eddy Cue in the Wall Street Journal, iTunes 11 is imminent, and may even be released today. The report says that the new version of this desktop software will have greater integration with iCloud, the principal benefit being that you don't have to download all of your music and movies to whatever device you're using. Your media will be ready and waiting in iCloud whenever you want to access it. The new version more closely resembles the mobile version in that regard.