You could watch the whole Worldwide Developers Conference keynote address — get the podcast or cached stream — it’s only two hours long. Or, for the sake of efficiency just watch this tasty condensed version, which gets you there in one-sixtieth the time (no need to add water).

More WWDC goodness for your consideration:
— Dear MobileMe member…
— What’s new in iTunes 10.3.1
— WWDC 2011 keynote podcast available