It seems that just like how there is no rest for the wicked, so too, do rumors rarely have any time to stop and take five. Does this mean that all rumors are wicked? I will leave that for your contemplation, but would like to draw your attention to the possibility of Android 4.2 being announced sometime next month, with whispers of the LG Optimus G Nexus being the first device from the hardware universe to come with Android 4.2 on board. It is also said that Google will be holding a joint event with LG for the latter to make a new product announcement.
Bear in mind that the release of the Android 4.2 Jelly Bean update is a minor one, so it should not really affect users that much as compared to a major operating system update.