I am still holding out hope that the NHL and NHLPA will be able to work things out in time to start the season on time. With that being said, it is certainly a possibility that there will be a lock out. September 15 is fast approaching and there is still a great distance between the two sides.
We will have a better idea what will happen in the next day or so, after the player's association responds to the league's offer. If the NHLPA responds favorably then the sides can get down to serious negotiations. If they completely reject the latest proposal then I fear there will be a lockout.