...Time Capsule is essentially an Airport Extreme base station with WLAN (802.11n) and 4 Ethernet ports designed to allow wireless backups of all MACs in your home.
It works with Apple’s Time Machine, which is the automatic backup that’s built into Mac OS X. It allows users to keeps an up-to-date copy of everything on their Mac — digital photos, music, movies, TV shows, and documents.
Jobs mentioned new iPod touch software: Mail, maps, stocks, note taking, and weather updates
Jobs is starting to talk about iTunes…
More coming