All the naysayers can feel free to eat their hats. Today Apple finally revealed the device we’ve all been whispering about for a good year or more. The Sasquatch of gadgets is real. We’ll update this with all the details as they happen; in the meantime, follow our live coverage.

Looks like a big iPhone to us.

• 1GHz Apple A4 processor (custom)
• 0.5″ thick
• 1.5 pounds
• 9.7″ Capacitive touchscreen (1024×768)
• 16-64GB of SSD storage
• 3G available but not in all iPads
• $14.99 for 250MB, $29.99 for unlimited data on AT&T (no contract)
• 3G iPads are unlocked, have GSM micro SIMs
• Accelerometer, Compass
• 802.11n and Bluetooth 2.1
• Runs iPhone apps in window or pixel doubling
• Hardware-accelerated OpenGL graphics
• SDK out today
• $499 for 16GB base model, $830 for all maxed out
• Dock with hard keyboard available

There’s a very custom interface that I won’t bother describing — we’ll put video here as soon as Apple puts it up. Needless to say it’s very good looking. Prices start at $499 for 16GB, $599 for 32GB, $699 for 64GB. Adding 3G costs $130.

We’re seeing lots of great-looking apps from the live coverage of the event, including 3D games, a really sweet-looking calendar, a nice email app, and a New York Times app that looks really stunning.

Concerns, though:

• No camera so no video chat
• Limited space — 64GB may be a lot for an iPod, but when you’ve got movies and such, it’ll disappear real fast
• Multitasking?
• No SD or multi-card reader means that’s all the storage you get
• It’s obviously no more customizable than the iPhone
• iPod dock connection only means no easy connection of USB devices

Our minds all just got blown by the $499 starting price, though. I was thinking way more for sure. Nice move, Apple.

Update: Apple’s video and our first hands-on.