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According to TechCrunch, Apple is ready to seed developers with the first GM release of Mac OS X 10.7 Lion. It’s an interesting rumor. Although they are classifying the release as “GM1,” Apple traditionally releases Gold Masters only a few weeks before the actual software ships.

Apple is gearing up to deploy an OS X Lion update to developers that they may be classifying as the “GM1″ release, we’ve heard. “GM” or “Golden Master” is a title reserved for software that is complete. But from what we’ve heard, this is only the initial Golden Master candidate. In other words, don’t get too excited just yet.

Apple’s plan is to release the final version of Mac OS X Lion in Summer. Given that GM candidates are already nearing, it looks like Apple is on schedule. If there were no bugs in its first GM candidate release, we can expected Apple to release the final version of Mac OS X Lion in few weeks from the day when GM is released.

So, if all goes according to the plan, Mac OS X will be out in the month of July. That is few weeks after the WWDC Event – Which is expected to be schedule from June 5th to 9th.

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