Steve Jobs handled the iCloud announcement himself. iCloud is Apple's new cloud storage solution that handles everything from documents to media syncing.
iCloud will take over the syncing of mail, contacts, and calendars over multiple iOS devices.
Unlike MobileMe, iCloud will be free.
Steve Jobs introducing the new iCloud icon, on the far right.
iCloud will offer wireless backup of all your phone's settings. This includes contacts, purchased music, apps, and books, camera roll, device settings, and app data.
iCloud offers 5GB of free storage for mail, documents, and backup. Purchased music, apps, and books don't count against the 5GB.
Steve Jobs introduces iTunes in the cloud, a service that lets you have access to all your iTunes music in the cloud on all iOS devices.