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According to Daring Fireball's John Gruber, iOS 7.1 is on the horizon



From Silicon Republic:
The iTunes Festival has been a regular fixture at London's Roundhouse art centre since 2007. Its debut in the US starts Tuesday, 10 March, alongside the SXSW festivals taking place in Austin, Texas.

Tickets for the iTunes Festival are given free to iTunes users and fans through prize draws, while those that can’t make it to the event can enjoy the performances through live streaming on iTunes, Apple TV and the iTunes Festival App.
  Release of Apple’s iOS 7.1 could be just days away