It's Showtime - Apple Media Event

After rampant speculation Apple finally accounced its special, invite only, media event to be held  at the Yerba Buena Center for the Arts Theater in San Francisco. With the "showtime" subject matter the theme will obviously be around movies and TV shows. Will this be the rumored streaming or download movies service from Apple - potentially coupled with a new video iPod? Let the speculation intensify ! What wonderful PR for Apple over the next week as the debate rages. Will the movies have high enough quality to look good on my 1080p screen or will this primarily be a PC / iPod experience ?