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Mac Rumors reports that Apple has released a build of OS X 10.7.5 to the developers



With the public release of OS X 10.8 Mountain Lion coming next month, some have wondered whether the current OS X 10.7.4 will be the final maintenance update for OS X Lion. OS X 10.7.4 was released to the public in early May, and the timeline would be tight for releasing another update prior to the debut of Mountain Lion.

AppleInsider now reports that Apple is preparing to begin seeding builds of a new OS X 10.7.5 to developers in the coming days. No details on the upcoming release have yet been revealed, as the first sign of impending developer builds typically comes from Apple's developer programs simply posting new discussion forums related to the releases.
  Apple Preparing to Seed Developer Builds of OS X 10.7.5