Google has sent around event invitations that apparantly point to an announcement about the company’s latest music project.

Things will kick off at 2 p.m. PT (5 p.m. ET) on Wednesday, November 15 in Los Angeles.

According to Engadget, the event will be “Android-themed.” Indeed, Google says it will stream live on YouTube.com/Android.

Invitations bore the title “This Goes To Eleven,” a nod to mockumentary This Is Spinal Tap. What’s more, notes Engadget, “the email came from ‘Nigel Tufnel,’ Christopher Guest’s character from the film.”

So far, Google has not said outright that they’ll be launching a new music destination or service. CNET, however, says the new product will take the form of an MP3 store to accompany the cloud-based Google Music Beta storage service, which Google announced back in May.

According to CNET’s sources,

Google has spoken to the major record companies and some of the top independent labels about offering a “social recommendation” feature, which would enable a buyer of an MP3 to give that song as a gift as long as the person receiving it is a user of Google Music.

Andorid chief Andy Rubin told Walt Mossberg at the AsiaD conference in October that Google was, at the time, “very close” to launching some new music offering.

Still, doubts persist about Google’s plans for a possible iTunes challenger, since the company has secured only one licensing deal from a major record label (EMI), though the Wall Street Journal reported in October that a deal with Universal was close to fruition.

The Journal has also speculated that Google’s forthcoming service would be closely wed to Google+, the web giant’s social network.

Take a look at the invitation to Google’s November 16 event (below). What do you think the company will announce?

LOOK: [via Engadget]