MacWorld Steve Jobs Keynote Live Update

8:25: We’ll be updating this post live while the keynote progresses. We’ll stick to the important information, like new products and services, as well as details like prices and launch dates.

9:20: Announce Time Capsule, an Airport Extreme base station with a hard drive that works with Time Machine. $300 for 500GB version, $500 for 1TB.

9:30: iPhone software update including maps that know your location, customizable home screen, the ability to add Web pages to the home screen, and the ability to SMS multiple people at the same time. Karaoke mode!

9:35: iPod Touch update adds many iPhone applications to the iPod touch. Mail, Stocks, Notes, Weather and Maps. Cost $20 for existing iPod Touch owners.

9:38: iTunes movie rentals from every major studio. Movies available 30 days after DVD release. You have 30 days to start watching, and then 24 hours to finish. $2.99 for older movies, $3.99 for new releases.

9:45: Apple TV 2. No computer needed to get podcasts, movie rentals, HD quality, photos from Flickr. HD rentals will cost $5 and 100 titles are available today. New price on Apple TV: $229. Software update for free for current owners in 2 weeks.

11:10: MacBook Air. World’s thinnest laptop. .76 inches thick, 13.3 widescreen LED-backlight. Multi-touch trackpad. 80GB standard drive, 64GB flash drive option. 1.6ghz-1.8ghz Core 2 Duo processor. 2GB memory standard. External optical drive for $99. 5 hours of battery life. $1799.