11:15 am

This concludes our live coverage, thanks for reading.

11:15 am

After thanking the people involved with the project, Jobs exited the stage.

11:13 am

“It’s in Apple’s DNA that technology is not enough,” said Jobs – it’s the marriage of technology and liberal arts. “Nowhere is that more true than in these post PC devices.”

That’s what separates Apple from other companies that are entering the tablet spacce.

11:05 am

“We think 2011 is clearly going to be the year of iPad 2,” said Jobs.

11:04 am

Also available for 4.99 on March 11.

11:04 am

“This is something I cannot tell you how many hours teenagers are going to spend” making music and learning about music.

11:03 am

“I’m blown away with this stuff,” said Jobs.

11:00 am

A button rotates the instrument controls away and you see the canvas GarageBand users are accustomed to seing, for building multitrack songs.

10:58 am

Apple designed GarageBand to be used by non-musicians, too, with “Smart Instruments.”

10:56 am

The drum kit makes it look like you’re sitting behind an actual drum kit.

10:54 am

Controls change depending on which instrument is selected.

10:53 am

Soren is showing off the keyboarding features; piano and keyboards and organs included. A sustain button lets you sustain notes. The iPad accelerometer senses hard or soft notes, too.

10:51 am

Touch instruments, guitar amps and effects, eight track recording and mixing, 250+ loops, email AAC versions of your song, and compatibility with the Mac version.

Xander Soren, director, music marketing has taken the stage to do a demo.

10:50 am

GarageBand for iPad!

10:50 am

“One point three pounds,” said Jobs. “It blows my mind.”

iMovie for the iPad will cost 4.99 and be available March 11.

10:49 am

New sharing options: direct sharing with YouTube, Facebook, Vimeo and other services.

10:48 am

Titles over stills is supported, and face recognition works on stills too.

10:47 am

All video and audio editing is touch-based. Seems very intuitive.

10:47 am

Over 50 sound effects are included.

10:44 am

My first reaction to iMovie on the iPad 2 is that it’s a much more natural fit than the iPhone, because of the larger dimensions of the iPad screen.

10:43 am

Randy Ubillos, chief architect, video applications is on stage to show off iMovie.

10:43 am

iMovie for iPad. “We have a long history of video editing,” he said. Includes precision editor; multitrack audio recording; new themes; AirPlay to Apple TV; share your videos in HD; and universal app (so it runs on the iPhone.

10:42 am

Jobs says there are two more apps that Apple is rolling out today.

10:41 am

iOS 4.3 will be a free update, March 11, for third and fourth gen iPod touch, GSM iPhone 3Gs and iPhone 4s, and iPad.

10:39 am

FaceTime video conferencing software is now coming to the iPad – it works between iPad, iPhone, iPod touch or a Mac.

10:38 am

Forstall showed off how you can adjust some Photo Booth effects by swiping your finger around the screen.

10:37 am

Photo Booth will be included on the iPad 2.

10:36 am

iPhone 4 users (exclusively) will now have a Personal Hotspot function – already available with Verizon iPhone 4, now available to everyone.

10:36 am

They’ve added a preference to let users decide whether the iPad switch will be used for mute or rotation lock.

10:35 am

“We have some really nice AirPlay improvements,” said Forstall. When you tap on the AirPlay icon, the iPad automatically finds your Apple TV and streams content to your Apple TV. But now you can use slideshow transitions on any iOS device. Apps fromt he App Store can airplay video and audio – as well as Web sites.

10:34 am

iTunes Home Sharing is now supported. You wirelessly stream over home wi-fi network to your iPad, the same way it works with Apple TV.

10:33 am

Scott Forstall, SVP iOS software has taken the stage to show off the new iOS release.

10:32 am

Available in five colors for polyurethane and five for leather. 39 for poly, 69 for leather.

10:30 am

Available in polyurethane or leather.

10:30 am

Micro fiber lining also cleans the screen when it’s on.

10:30 am

It also wakes the iPad from sleep when it’s opened and turns it off when closed. Magnets grasp and auto-align it.

10:29 am

“Smart Covers” are coming iwth iPad 2. It’s a cover that covers the glass. It bends and folds around to turn into a typing stand or a movie stand.

10:29 am

Priced at 39.

10:28 am

“We’ve got some really cool accessories.”

HDMI video out accessory cable. Delivers HDMI mirrored video output. Up to 1080p, and it works with all apps.

10:26 am

Available initially in the US, by March 25th, it’ll be available in 26 countries.

10:25 am

“When are we going to ship it?” March 11th – a week from Friday.

10:25 am

“We think 2011 is going to be the year of iPad 2,” said Jobs.

10:24 am

“We also preserved the price.” Same exact prices, starting at 499.

10:23 am

“You would think we have to give up some of the iPad’s legendary battery life.” But Jobs says that it has the same 10 hour battery life as the iPad, with over a month of standby.

10:23 am

Models working on both AT&T and Verizon 3G networks.

10:22 am

Available in black and white “On day one,” said Steve.

10:22 am

It’s lighter as well, going from 1.5 to 1.3 pounds.

10:21 am

It’s 33 percent thinner – 8.8 mm – thinner than the iPhone 4 (9.3 mm)

10:21 am

“One of the most startling things about the iPad 2 is that it’s dramatically thinner,” said Jobs. Kinda like Jobs.

10:20 am

Two cameras, one in front, one in back. Gyroscope, like in iPhone 4 and iPod touch.

10:20 am

Same low power as the A4 – strong battery life. Jobs expects it will be the first dual core tablet to ship in volume.

10:19 am

It’s powered by the new A5 chip. It’s a dual core processor design, up to twice as fast as CPU performance. “But we’ve really gone up on the graphics performance.” Up to 9 times faster.

10:19 am

Introducing iPad 2. “It is an all new design,” said Jobs.

10:18 am

“We’ve gotten off to a successful first year, and we want to build on that,” said Jobs. He jokes that 2011 is “the year of the copycats.”

10:17 am

The iPad is also used to help chidren with autism communicate, according to a doctor interviewed for the video.

10:16 am

We’ve paused to watch a promotional video outlining the successes of the iPad; doctors, teachers and others talking about how they use the device.

10:16 am

“That compares to our competitors who are trying to launch with at most 100 apps,” said Jobs.

10:16 am

There are over 65,000 apps that “take full advantage of the iPad,” according to Jobs.

10:15 am

.5 billion in iPad revenue in 2010. Over 90 percent marketshare. “And our competitors were just flummoxed,” said Jobs.

10:14 am

“2010 turned out to be the year of the iPad.” Almost 15 million sold in 9 months – more than every tablet PC ever sold. “The tablet PC crashed and burned,” he added.

10:14 am

“People laughed at us for using the word magical, but it’s turned out to be magical.”

10:14 am

“Today we’re here to talk about Apple’s first post-PC blockbuster product.” 2001 was the iPod; 2007 was the iPhone; 2010 was the iPad. “We’re in a position now where the bulk of our revenue comes from these products.”

10:14 am

“We recently shipped our 100 millionth iPhone.”

10:13 am

“Developers have earned over 2 billion dollars from selling their apps on the App Store,” said Jobs.

10:13 am

“Recently we just crossed 200 million accounts,” said Jobs. “This is very likely the most accounts with credit cards anywhere on the Internet.”

10:13 am

More than 2,500 publishers.

10:13 am

iBooks users have downloaded over 100 million books in less than a year, according to Jobs.

Random House is bringing more than 17,000 books to the iBookstore.

10:13 am

Steve Jobs just took the stage to a standing ovation from the crowd, dressed in his usual black turtleneck and jeans.

9:57 am

John Gruber from Daring Fireball is sitting right in front of me. Thinking about giving him a wet willy.

9:47 am

Greetings from the Yerba Buena Center for the Arts, site of this morning’s iPad 2 rollout. Assorted press and VIPs are filling the hall to the sounds of The Beatles.

9:28 am

Just talked to Peter and he is making his way into the event. Just about 30 minutes left until the event starts.

9:20 am

40 minutes to go.