Are you ready for some Facebook awesomeness? CEO Mark Zuckerberg told reporters today at Facebook’s Seattle office, that the company is “launching something awesome” next week, according to a report by Reuters.

Of course neither he nor a Facebook spokesperson would give many details. Zuckerberg did say that the project has been developed at the 40-person Seattle office, which is Facebook’s only major engineering center outside of its Palo Alto, California headquarters.

With a tease like this comes speculation right? The technology blogs think it could be mobile products in development – possibly a Facebook app for the iPad or maybe a photo sharing app for the iPhone.

So, what could July 2011 hold for Facebook? No one knows for sure, but with Google launching Google+, Justin Timberlake taking a stake in MySpace and now “something awesome” from Facebook, it’s going to be one busy and possibly exciting summer for social media.

Now speculate away and tell us what your best guess is.