Sonya ‘iGirl’ Smith is live blogging about today’s possible iPhone release. Check it out (latest updates at top — refresh often!):

Thanks for playing everyone! We’ll be posting more throughout the day.

• The official iPhone press release
• Mobile Me press release
• AT&T to launch iPhone on July 11 in the U.S
• AT&T’s iPhone 3G site

11:57: From Apple’s site:

Phone, iPod, and Internet in one fast 3G device.

Introducing iPhone 3G. With fast 3G wireless technology, GPS, support for Microsoft Exchange ActiveSync, and the new App Store, iPhone 3G puts even more amazing features in your hands. And just like the original iPhone, it combines three products in one —a revolutionary phone, a widescreen iPod, and a breakthrough Internet device.

11:54: Apple store has reopened.

11:52: Engadget: “Take advantage of everything you can learn here and go make some great products. Thank you very much, I’ll see you this week!” The lights are up!

11:51: Engadget: Tag line of new iPhone commercial: “Finally, the first phone to beat the iPhone.”

11:48: July 11 – I can’t wait that long!

11:48: iPhone 2.0 will go on sale starting with 22 of the biggest countries on July 11, all at the same time

11:47: $299 for the 16GB — a white version of this size will be available too.

11:45: 3G iPhone will sell for $199 for 8GB

11:40 (breakdown in Twitter)

11:38: Engadget: New iPhone battery life: standby time is 300 hours.

11:37: ArsTechnica: In that last demo of EDGE versus 3G: page took 21 seconds on 3G, 59 seconds on EDGE.

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The South by Southwest Music Festival (SXSW) is the annual time for Twitter to shine.

The microblogging site that lets users write notes as often as they like about whatever they are doing lends itself to connecting people at huge festivals like SXSW. And, it also lends itself to Apple fans and foes waiting on any new iPhone news today.

The site has had plenty of down time recently, leaving many people to guess how long the site will last today before too many tweets break the site during Steve Jobs’ keynote speech. During today’s keynote, I’ll be tweeting updates about Steve’s speech and you can also check this page for all iPhone, WWDC and Steve Jobs tweets from anyone in the world. Until the clock strikes 10, read some funny iPhone tweets spotted this morning:

• iPhone mania seems unavoidable. – Molly Cronin
• Twitter, where did you go? Did the Apple fan boys kill you again? – madmaxx
• My iPhone has a first name, it’s APPLE. My Jobs has a first name, it’s STEVE. (to tune of ‘My Oscar Mayer Weiner’) WWDC Keyword whoring FTW – Sean O
• My name is James, and I want a new iphone. “Hi James.” – LenderBoy
• ok since apple employees are wearing green i predicte the next iphone and macbooks will be solar powered. – michelle
• @brianshaler Steve Jobs is the son of that Job guy in the Bible that God picked on. God’s making up for it by letting Steve work miracles. - Jeff Moriarty
• forget Steve and the iPhone, I want a TWITTER REPLACEMENT. this site sucks! – mikehill33