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News in reverse chronological order:

iPod Hi-Fi
Home stereo. Reinvented.
Looks like a center channel speaker with iPod dock on top.
Comes with inserts for every iPod. Two buttons - volume control.
Pull black grille off of white box to reveal three speaker drivers.
Integrated power supply - no brick.
Power it off of six D-size batteries if you want. "Several hours outside."
Two 80mm mid-range drivers in sealed acoustic suspension.
In center is 130mm dual voice coil woofer, ported bass reflex design.
Great bass, doesn't distort when cranked up.
Universal Dock connector and integrated handles.
It's a sealed resin enclosure, and doesn't vibrate.
IPod integration: there's a software update for iPods that puts a speaker menu item in the main menu.
Tone control, backlight always on or off, large album art on or off.
Screen can go black and just show album art.
Controlled with the Apple Remote.
Price: $349 - Goes on sale today.
Jobs: We have some rooms upstairs - sample a kitchen, dorm room, living room, study.

Event over.

Live from Apple's room demo
Jeremy Horwitz, iLounge EIC gives his first impressions: "So we've been listening to iPod Hi-Fi -- It produces very big sound. They are using iTunes Music Store downloads to demo. So you can hear the flaws in the music." "Status lights can be seen through the grille when Hi-Fi remote is used."

'Let's talk about music.'
Jobs discussing iPod and iTunes numbers.

Leather iPod cases Black for 5G and nano
No screen or control access.
$99 each - mid-March.

Jobs: 40% of all autos sold this year in US will have iPod connectivity as an option.
Now's time to add In the Home. People like to use iPods with groups inside. Problem with these products - stereo products - is that they don't offer home stereo quality.

What is home stereo quality. Audiophiles need a large sound stage. you can hear the performers sounding larger than the speakers. Precise imaging and separation. Each instrument can be heard separately. Third thing is wide frequency range. You want great bass, also be able to hear the highest frequencies. You also want room-filling power without distortion.

There are some higher-end products that do better than others - outside of the iPod market. We're introducing one today that has some of the attributes of home stereo quality and iPod speakers today.

New Mac mini
Based on Intel
Intel Core Solo, Intel Core Duo versions
2.5x - 3.2x faster
Same exact form factor
Front Row software
IR sensor on right of disc slot
Six button Apple remote
-- New Features --
Shared Music - Bonjour technology, allows devices to find themselves automatically over a network, access music library wirelessly.
Shared Photos and Video - Same idea only for photos and videos. Can stream iTunes TV shows.
"Front row with Bonjour" is the software's name.
Media from any other mac or windows computer running iTunes will be piped over to the Mac mini hooked up to your television set.
Mac mini comes with iLife '06.
Standard features: Tiger + iLife '06, Apple Remote + Front Row, Airport Extreme + Bluetooth, DVI Video Out, USB, FireWire, Gigabit Ethernet.
1.5ghz Core Solo 667 mhz fsb, 512mb memory, integrated graphics 60GB drive, combo drive - $599
Second model with Core Duo - 1.67, 80GB drive + SuperDrive - $799
Both available today.

Steve Jobs on stage
Fun things to introduce today, "medium scale things."

Everyone is being seated. Apple design guru Jonathan Ive is in front row. Music by U2, Green Day, others.

Jon Rubinstein, Senior Vice President of Apple's iPod Division, Greg Joswiak, Apple's vice president of hardware marketing, and other execs making their way through crowd.

Apple corralling everyone in now. No visible posters or banners of products.

Media is gathering outside building. Attendance appears to be extremely limited — 150-200 people.

iLounge arrives at Apple HQ
The iLounge team has arrived at Apple Town Hall, Building 4, on Apple's Cupertino campus. The event starts at 10:00 a.m. PT

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