The wait may finally be over! According to Rohan Shravan, founder and CEO of Notion Ink, Google will most likely release the source code for Android 4.0 on November 17. Rohan has very strong ties to the Android development community, but we’re not sure if the November 17 date is simply his best guess or if he has internal knowledge that has not yet been revealed to the public. Either way, next week should be pretty exciting for Android fans.

The November 17 date is in sync with the Samsung Galaxy Nexus rumored release date for the UK. This should be great news for those planning to buy the new Ice Cream Sandwich phones. Google did say they would release the Android 4.0 source code after the phone’s official launch.

Anyone who buys the Samsung Galaxy Nexus could probably care less about when the source code is released, since their handset will already have all the latest treats Google has cooked up. But that’s not the case for everyone else. Once Google makes the Android 4.0 source code available to the public, that’s when the real magic starts. OEMs will start working on their official Ice Cream Sandwich updates for the phones they decide to support, and the development community will tear the code apart and put it back together as they create custom ROMs for all the devices that we already own.

How many of you are hoping to have a custom Android 4.0 ROM powering your current Android phone this holiday season?