The crew at the BMWBlog supposedly has the scoop on the next generation BMW 7-series, and in addition to a July 7th reveal date, they've procured a handful of details about BMW's flagship sedan.

Two, twin-turbocharged engines will be available: a V12 and the V8 currently found in the X6, with power being sent to the rear wheels via an eight-speed transmission. Four-wheel steering will be an option, along with all-wheel-drive later in its lifecycle. Dynamic Performance Control, ConnectDrive and an improved iDrive interface will form the majority of the technical changes inside and the new 7's interior will supposedly mark the return of the driver-oriented controls of yore, with a center console canted in to face the person behind the wheel. We'll believe it when we see it.

BMW will offer four new colors for the 2009 7-series, including Cashmere Silver, Imperial Blue, Mineral Whit and Sophisto Grey and BMWBlog's sources say that the V8 model will be sporting a duo of square tailpipes, while the higher-end version will get four squared tips.

[Source: BMWBlog]