Facebook May Make Location Announcement Wednesday

We’ve just received an invitation to visit Facebook’s Palo Alto campus on Wednesday to get “an update on the service’s features and products,” and rumor has

it the powers that be want to talk about location-based products.

Kara Swisher at BoomTown says her sources “indicate thatFacebook will finally be rolling out its own geo-location offering” on Wednesday.

If this is true, it would fulfill a promise made to developers months ago at Facebook’s f8 conference, when we first thought the feature would launch. Such an announcement would moreover substantiate the subsequent months of “coming soon” rumors and verified quotes we heard from Facebook execs and others.

In May, informants had said the new product’s release was no more than four weeks away. However, Facebook’s crowd-pleasing privacy changes put a hold on the upcoming location feature launch; at the time, we were told several projects in development were tabled while engineers and other staff scrambled to revamp the site’s privacy settings. At a Q&A session during the privacy features launch, Facebook CEO Mark Zuckerberg admitted the debacle had sidelined location plans altogether.

But again in June, Zuckerberg told attendees at a London Facebook Developer Garage event, “We are finishing designing our application soon and hope to offer it soon.”

In short, we’ve heard (and repeated) the words “coming soon” a few too many times when it comes to Facebook’s location plans. We hope that Wednesday, we have something to actually show our readers for a change.

What do you think: Will Facebook finally be unveiling its long-awaited location product this week? Or do you think this particular tea party will involve other products and features, such as the newly launched Questions or perhaps something we’ve never heard of? Place your bets in the comments, and stay tuned for Wednesday’s announcement!