The MacBook Air is "the world's thinnest notebook." It's ridiculously thin - .76 inches on the back and .16 inches at the front. It fits inside a manilla envelope - Jobs has one in an envelope now! ;) It is INSANELY thin. UNNATURALLY thin. It has a full sized keyboard and display.
it has a 13.3, LED-backlit display. There is, of course, a built-in iSight camera. There is also a full-sized keyboard, "perhaps the best notebook keyboard we've ever shipped." And yes, it's also backlit.
The "very generous trackpad" now supports multitouch. There are even short videos explaining how the multitouch trackpad works on the MacBook Air.
It does indeed sport a hard disk - a 1.8" hard drive, same as in the iPod. It has an 80gig as standard, you can also get a 64gb Solid State drive. The electronics, "a complete mac on a board" are tiny. The processor is an Intel Core 2 Duo, 1.6GHz is standard, you can go 1.8 GHz as well. The chip is 60% smaller than a standard 1.6GHz chip, and so Jobs has invited Intel CEO Paul Otellini to thank him for that incredible chip.
New feature: Remote Disk -- allows you to use another computer's optical drive to install software over the network. It's an incredibly neat idea. Otherwise you can buy a USB superdrive for $99.
Apple claims that under medium to heavy usage you can get five hours of battery life.
.....$1799, available in 2 weeks.
..That's it folks, Randy Newman is coming on stage to perform for us now!