According to 9to5mac, Apple shouldn't have a problem hitting that July release timeframe for OS X Lion. This also makes me wonder if this rumor from Three Guys and a Podcast about a July 6 release holds any water. Personally, my guess is a release in the July 11-15 range, though I wouldn't be upset if a big cat showed up Wednesday.
9to5mac's sources say Apple is planning to release Lion on July 14 — which also happens to be my anniversary. Fantastic.