The safe-money bet is this will be the unwrapping of the new Google Nexus One phone.
The Nexus One is expected to include a 5 megapixel camera, WiFi, a compass and my personal favorite: an accelerometer (so, like, if you fall out of a plane then you can find out how fast you are falling to your death).
The Nexus One will reportedly retail unlocked for about $530. With a two year contract from T-Mobile, it's expected to be priced below that magical $199 price point that applies to all the other smartphones.
My question: How will a Google phone be different from the other Android smartphones? Why should I get excited that a company that specializes in webware is selling hardware? That being said; I have no doubt it will be a hit anyway.