A new report comes up about the future of Apple iTunes, folks over iDownloadBlog reports on the word of their sources that next version of iTunes 11 will get a complete new design with deep iCloud integration. We already know Apple is about to launch iCloud this fall and already working on iTunes 10.5 for testing the iCloud features in it, the report makes some sense here.  We currently seen iCloud integration in iTunes but with limited support, users can purchase app on their machine using new iTunes with iCloud implementation, and the downloaded app will automatically start downloading on the other device, which uses the same Apple ID or connected within same Wi-Fi network.

Its worth note here, iDownloadBlog has currently no record in the past in leaking and reporting any news, so you can take this report as a rumor report with a grain of salt. On the other hand, sources of BGR also claims something similar to it, on which their one source says Apple will release iTunes 11 in September (may be with iPhone 5) along with iOS 5 and iCloud, and would support reading iBooks on the Mac.