In about 1 hour Steve Jobs takes the stage in San Francisco and tells us what's new from Apple.

UPDATE:
Apple provides Quicktime video of the Event. I hope it is real-time. It is the way to go these days.

The Apple stock was rising the last couple of days. Let's see what happens after the event.

A potential spoiler is an agenda that has leaked, if it is authentic. It is pretty good, too good actually. If Apple makes all these announcements it would be to amazing. It talks about iTunes version 7.0, movie downloads, new iPod nano, new iPod video, something called TubePort to stream video to your TV and more.
Read the full agenda on tuaw.com.
I think Steve Jobs will just announce news around the movie downloads on iTunes and maybe one piece of hardware. A really hot thing would be Apple's entry into the living room. Some device that lets you easily watch iTunes movies on your TV.
The Apple iTunes store is down (via Macrumor. So we know for sure the Apple event has something to do with iTunes.