The event isn’t over yet, but I wanted to give a quick update on the final few announcements.
Applications will be sold on the actual iPhone, through the App Store, an icon on the homescreen. Developers can set the price of their app, and share 30 percent of the revenues with Apple (NSDQ: AAPL) and keep 70 percent for themselves. Apps will also be sold through iTunes for the iPhone and iPod Touch.
The SDK will be available starting in an hour in Beta, but will release more broadly in June with version 2.0 that will include all the enterprise updates.
And, finally John Doerr, partner of world-famous VC firm Kleiner Perkins Caufield & Byers, came up on stage, saying that they will commit $100 million to a fund exclusively for iPhone applications.
More following the Q&A.