Seems likely that the announcement will be made during Bitcoin Conference, London 15-16, September 2012.

http://bitcoin2012.com/

For those of you speculating about Iceland. Looking at the list of speakers, we have - Birgitta Jónsdóttir, member of the Icelandic Parliament. She is also the spokesperson and main sponsor for the International Modern Media Institute.

http://en.wikipedia.org/wiki/Icelandic_Modern_Media_Initiative

Reading through the the Elements of the law, it seems Iceland might be the one civilized country that will act to protect the bitcoin network, as opposed to doing everything to overthrow and disrupt it.

We have the people of Iceland to thank for setting precedent by throwing out the bondholders in 08/09 and rewriting their constitution.

http://theguardianeyewitness.tumblr.com/post/749345738/protest-at-icelandic-premiers-residence

Lets hope the pieces fit the puzzle. Either way, Birgitta Jónsdóttirs speech should be interesting.