We've known for a while now Motorola has been prepping a 'project' not only for the WiFi Motorola Xoom but the 4G LTE equipped Motorola Xoom as well. However, there was no mention of when it may be rolling out to users and Motorola themselves claimed that due to it being a GED (Google Experience Device) they had no idea as to when either. Looks as though that time has come according to some info we just recieved. The following email was sent out to folks:
Thanks for your patience as we've waited for this project to begin. Because we are dealing with a Google Experience Device (GED) we have less insight to timing than we would usually have.
However, I'm happy to announce that we will start the update this evening. Because it was delayed a few days, we will also have additional time to test; we will let it run through the weekend.
Could it be Android 4.0 ICS? Likely, but don't be insanely disappointed if it's not. Either way, we'll soon find out what it is and we'll be sure to let you all know as well.