Like a good showman, Jobs has built slowly. Summaries of retail stores (now drawing over 1 million visitors a day), and quick run-through of the next version of OS X (named Tiger). Nothing earth-shattering. QuickTime 7 will be out today. (Likely required to watch rebroadcast of the Keynote this evening).
Moving on to professional video and Apple's pro tools incorporating High Def. Big stuff will come later ...