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French Apple website Mac4Ever (via Google Translate) reported last week that iLife '11 will launch soon, on Saturday, August 7. The updated application suite is said to include improvements in the Faces and Places features in iPhoto, and will reportedly add greater integration with social networking sites.
Citing a "well informed" source, the site also said that iWeb will be brand new, and iLife '11 will include a new "mystery" application. It also said that iDVD will not be included, and instead will be downloaded like iMovie HD. Finally, the update will also reportedly include a MobileMe gallery beta with Faces and Places.
The iLife suite currently includes iPhoto, iMovie, GarageBand and iWeb. The software is included on every new Mac. The last update, iLife '09, launched in January of 2009, with major upgrades to all of its applications, including the Faces and Places features in iPhoto, and the addition of the Precision Editor to iMovie.
In January, Apple was rumored to introduce iLife 2010, a report that didn't pan out. Instead, the Cupertino, Calif., company held a special event to introduce the iPad.