updated 05:14 pm EDT, Mon June 18, 2012
Small group may start next in next few days
Apple is far enough into development of OS X 10.7.5 that it's on the verge of releasing the update's first external beta, AppleInsider sources say. A small group of Mac developers are expected to get a beta within the next few days. The general development community should get the software shortly afterward.
The actual content of v10.7.5 has yet to be leaked, although it should be a maintenance update rather than anything adding new features. Apple is preparing to launch OS X Mountain Lion, in which it is concentrating most of its development efforts. The v10.7.5 update will likely be the last major release of Lion, unless Apple discovers a flaw in the OS that requires fundamental changes.