There is a tip that this might be true.
http://wmpoweruser.com/rumour-windows-phone-7-8-to-be-released-on-wednesday/
http://wmpoweruser.com/rumour-windows-phone-7-8-to-be-released-on-wednesday/
Good news if true would be a very nice birthday present!
I'm sure my daughter will appreciate it. As my old focus has become a 'netflix' machine for that little 2 year-old