Linked by Thom Holwerda on Wed 4th May 2011 21:51 UTC, submitted by poundsmack
Mac OS X "With the release of Mac OS X 10.7 Lion this summer, Apple will make the switch to a new kind of digital distribution for its operating system upgrades by releasing the software first through its new Mac App Store, AppleInsider has learned. The Mac App Store, available to all users running the most recent version of Mac OS X 10.6 Snow Leopard, will become the de facto method for obtaining the Lion upgrade, people familiar with the matter have revealed. Users will be able to upgrade instantly without the need for physical media by purchasing Lion through the Mac App Store." The old-fashioned regular disc version (and hopefully, on a USB drive for Air owners such as myself) will still be available.
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Nope, I installed it on a new drive ;)

Glad to hear it doesn't require you to install 10.5 before you can install 10.6 on a new disc. I have the 10.5 up-to-date disc for my MBP that I bought in 2007 and it will not install unless I have 10.4 pre-installed.

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