Apple will announce its highly anticipated new device this morning, which, presumably, will be the tablet thingamajig, a topic that's currently blowing up on the interwebs. The big announcement will happen at around 10 a.m.

The tablet (or whatever it will be christened), according to widespread speculation, could change the way we use the internet, help save the publishing industry (not likely), revolutionize gaming, and perhaps even perform fellatio. Or not.

"The tablet shifts the battle to the living room," CEO of iPhone game publisher Ngmoco of San Francisco Neil Young told SF Chronicle. "I don't imagine people playing video games walking down the street with their tablet, but I do imagine people on their bed or couches playing larger-format games that they might have played before on a laptop or on the television."

Oh, and Barack Obama will make some sort of important announcement today, too.

Check back at SFist for updates throughout the day.

Update 9:40: Textbook publisher McGraw-Hill might have beat Steve Jobs to the punch. CBS 5 reports that the company's CEO, Harold McGraw, said in an interview yesterday that it "is a tablet computer powered by iPhone software."

"We have worked with Apple for quite a while. And the Tablet is going to be based on the iPhone operating system and so it will be transferable," McGraw said to CNBC.

Update 10:15: Behold the iPad.