MacStories is reporting that one of their secret agents working close with AT&T has gotten the inside scoop on when the iOS 4.2 release date is. He says Apple will release iOS 4.2 this week on Friday at 10AM pst.
Macstories has also reported that tomorrow is update day for iTunes which usually always comes a day or two before iOS updates. Wait theres more, Mac OS X 10.6.5 is also said to be being released tomorrow alongside the new itunes update.
Both the iTunes update and Mac OS X update are suppose to add the new airplay funtions that are going to be needed to work for iOS 4.2. Save your shsh blobs now if your jailbroken, look at the previous posts for more info.