Summary of 'It's Only Rock and Roll' Media Event

Here is the summary of the event as it happened:

• Steve Jobs on stage for presentation and receiving a standing ovation.
• Going to talk about music, but first iPhone. Over 30 million iPhones sold in 2 years. 1.8 billion apps sold.
• New today: iPhone OS 3.1. Free. Brings “Genius” to apps. 30,000 ringtones for $1.29 each.
• Now for music. 8.5 billion iTunes songs sold, 100 million accounts. #1 music retailer in the world.
• Introducing iTunes 9: Genius database expanded to include “Genius Mixes”, which automatically plays songs from your library that go together
• New syncing options: artists, genres, etc. Also for photos and movies. Manage iPhone apps in iTunes: arrange home screens.
• Home sharing to manage copying of songs, TV shows, apps, etc. to up to 5 computers in your house.
• Cleaner layout for iTunes Store.
• iTunes LP: Album packages with tons of bonus material - lyrics, photos, videos, etc.
• Now showing a demo of iTunes 9.
• iTunes Extras: Bonus material for movies. Similar to DVD bonus features, but also includes interactive material.
• Schiller on stage to talk about iPods.
• Over 220 million sold to date, 73.8% market share. iPod touch is fastest growing product. Over 20 million sold. Plus 30 million iPhones.
• Fastest growing product is the iPod touch: sold 20 million of them. Going over why it’s so great…music, video, apps, internet, etc. Great gaming device.
• 21,178 games and entertainment apps on the iPhone/iPod touch. 3,680 for Nintendo DS, 607 for Sony PSP. Now showing video montage of games.
• Developer demos: First up, Ubisoft to talk about Assassin’s Creed II. Simultaneous release with other platforms. Put your own photos on wanted posters.
• Tapulous: Previewing Riddim Ribbon, a racing/music game.
• Gameloft: New FPS called “Nova”. Very “Halo-like.”
• EA: Showing off Madden NFL 2010 to wrap up the demos.
• Schiller back on stage. Talking about iPod touch…most affordable gateway to the App Store. Dropping price on 8 GB model from $229 to $199.
• New iPod touch price points: $199 for 8 GB, $299 for 32 GB, $399 for 64 GB.
• Also making the 32/64 GB versions faster, with ability run OpenGL|ES 2.0 like the iPhone 3GS.
• iPod classic bumped from 120 GB to 160 GB. Same $249 price point.
• iPod shuffle: New third-party headphones with iPod shuffle controls built-in.
• Now five colors for the shuffle: $59 for 2 GB and $79 for 4 GB.
• One more thing: video cameras in iPod nanos. Also includes a speaker.
• Also adding an FM radio, and Genius Mixes.
• Built-in pedometer for Nike+, larger display.
• 8GB for $149, 16GB for $179. Bright, glossy colors. Available today.
• Closing performance from Norah Jones.

source:macrumors