Macworld San Francisco 2007 Keynote Coverage.... follow it here

Straight from the transcript from Macworld...

Steve Jobs says:

This is a day I've been looking forward to for 2.5 years. Every once in a while a product comes along to change the industry. Apple has been fortunate to introduce a few of these: the Mac in 1984; the iPod in 2001 (changed the way we listen to music and the entire industry). Apple will introduce 3 revolutionary products of this class. Wide-screen iPod with touch controls. The second is a mobile phone. The third is break-through internet communication device. All of those in a single device. Not separate devices, but a single device called iPhone. Apple reinvents the phone.

Description of the Apple iPhone device....

3.5-inch screen with 160 pixels per inch (ppi). Single 'home' button. Thinner than any other phone at 11.6mm volume controls. Two megapixel camera built-in on back. Headset jack (3.5mm) and Sleep/wake button on top. Speaker, microphone, iPod connector on bottom. Proxmity sensor to turn off screen and touch sensor when you put it close your head. Ambient light sensor to turn down/screen. And the acceleromter to determine landscape/portrait orientation. Includes coverflow technology.

Unlock phone by sliding phone across. Has Dashboard like interface to each module/functions. Scroll using finger. Home button returns back to Dashboard. Very compact/slick phone.

Communication device. Rich HTML email on iPhone that works with any pop/imap email service. Best web browser in the world. Fully usable Safari on iPhone. Google Maps on iPhone. Weidgets (weather and stocks). Communicates via WiFi and EDGE. Automatically finds WiFi and switches it to it. IMAP options (Yahoo!, MS Exchange, and .Mac). Yahoo has 250 million users. Free push IMAP email to all iPhone users from Yahoo. Show example running live from Yahoo! IMAP email with inline photos (and rich text email). iPhone automatically parses out phone numbers--simply touch to call. Jobs sends email using full QWERTY visual keyboard that displays at bottom in portrait mode.