Watch and drool.

A few of my own thoughts:

• FaceTime (the new video-calling feature) looks amazing. (And for best results, of course, be sure to get your whole family an iPhone and switch everyone over to AT&T.)
• I've already fallen in love with the beauty of the iPad display -- it's by far better than any monitor I've ever used (even the $900 LCD on my desk at home). That the iPhone's using the same technology makes me that much more interested in picking one up.
• Multitasking's long overdue -- we'll love that here at Rhapsody -- even if it does have a bit of a negative effect on battery life.
• The drag-and-drop-app-icons-to-create-app-folders feature -- also great, but made me chuckle: I immediately remembered sitting in a RealDVD product meeting, maybe a little over year ago, during which the topic was raised of how users might be allowed to create sets out of their individually saved DVDs. An "Edit" screen, containing a drop-down menu with which users could select an existing set or specify a new one, had been constructed by the PM, but it seemed exceedingly clunky to me. I suggested instead that we simply allow them to drag one video onto another and create sets implicitly -- click the cover of Disc 1 of X-Files Season 1, drag it onto Disc 2, drop, and boom, there's your new set -- precisely the same model Apple demonstrates in this video. Unsurprisingly, I was all but laughed out of the room. "Users will never be able to figure that out," the PM said. Uh-huh. Not that it matters anymore, but still. Yeah.
• Call me paranoid, but there's something about the steel frame serving as an antenna makes the brain cells behind my temples a little nervous.
• I want one. But I definitely do not want to switch to AT&T. Dammit.

More later. Curious as to whether we'll hear anything about Lala, too.