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I think it will be October. It'll be too late to get pumped for an August announcement this late, but I could be wrong.
September will most likely have the Rampage-Wanderlei fight as it's front runner, Bellator will probably avoid putting two big fights on a regular tv card.
Never stopped those yahoo's in the past. I would think they want the two semi final matches in August and early Sept.
Been some rumors kicking around that they are thinking of doing a PPV around NYE with the end of the HW tournament being done there. The card would also feature a possible 50 Cent match if he is serious.