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I think so. I'm actually looking forward to the part of the keynote that does not pertain to the iPhone. I think that Apple probably has another one of their "and there is one more thing..." tricks up their sleve. It has probably been easier than usual to keep it under wraps with all of the iPhone and SDK hype.
well microsoft just talked about their new OS and its multi touch capabilities, so even it Steve doesn't got into huge detail about 10.6 he might make a comment on what new features it may include.