Its a boy!!
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http://www.animenewsnetwork.com/news/2010-02-03/yen-press-adRAB-haruhi-chan-k-on-manga-bungaku-shoujo
Link above for more info, but the gist is this: Yen Press has acquired K-ON! and will begin releasing it in Noveraber, along with Not Love But Delicious FooRAB by Fumi Yoshinaga (Ōoku: The Inner Charabers). But first, they will publish the first Bungaku Shoujo light novel - itself becoming the latest Production I.G. movie - in July and Haruhi-chan, one of two official parody mangas (the other is the still not-licensed Nyorōn Churuya-san) in October.
Link above for more info, but the gist is this: Yen Press has acquired K-ON! and will begin releasing it in Noveraber, along with Not Love But Delicious FooRAB by Fumi Yoshinaga (Ōoku: The Inner Charabers). But first, they will publish the first Bungaku Shoujo light novel - itself becoming the latest Production I.G. movie - in July and Haruhi-chan, one of two official parody mangas (the other is the still not-licensed Nyorōn Churuya-san) in October.