On September 1st, Apple will be holding their traditional media event to announce…something to the public. Apple blogs and tech magazines have been speculating since well before the initial date about what this event will entail, so before you join us for our live blog at 1:00 p.m. EDT (10:00 a.m. PDT) Wednesday, we thought we’d catch you up on what you may seeing announced in San Francisco.

If you’ve been waiting for a new FaceTime enabled iPod touch or refreshed AppleTV or possibly even an iTV, your wait may be about to end. Apple has sent out invitations to a special event to happen next week Wednesday, September 1st in San Francisco. Apple’s invites to this special event seem to suggest something involving music

Whenever Apple has a press event, you have to expect the Apple Store to be down. It is now, leaving Apple fanboys everywhere desperately trying to peek beyond the newspaper covered windows to see what’s going on inside. New iPods? An Apple TV update? Counter harmonies and french horns? We’ll find out soon enough, so until the press event starts, freshen up on what today’s even may have in store by reading our rumor roundup.

While Apple’s iPod event isn’t until later today, that didn’t stop them from already updating their store without taking it down. That’s right, Apple has dropped the price of the existing iPod touch line drastically. For example, a 32GB iPod Touch—which would have set you back $399 yesterday—is now only $279. Furthermore, the 16GB model is now only $249 from $299, and the 8GB model is $189 from $229. Pretty nice price drops if you ask me. Also, the iPod classic has seen a $20 price cut.

If the heiress of John Lennon is to be believed (that’s Yoko Ono), then tomorrow’s special event might finally bring the Beatles to iTunes. Yoko’s comment made a brief appearance on Sky News and then quickly vanished thanks to the powers that be. The only remaining evidence is thanks to some quick eyes at 9to5Mac and a partial Google cache. Just to balance it out a bit, The Financial Times is reporting just the opposite.

The first thoughts were that Apple would release a tablet device around September. Apple confirmed the September 9th event would be going ahead, and from the invitations, signs pointed to an iPod/music themed event. While it’s still possible that a tablet—or iPad, as it may be called—could still appear at the event, it’s more plausible that we’ll see a refresh to the iPod line, and possibly a long-awaited update to the Apple TV.

Just as August draws to a close, Apple has made official their much rumored September 9th music themed event. As they have done in past years, Apple has released the image above announcing the event in the style of their ubiquitous iPod and iTunes advertisements. “It’s only rock and roll, but we like it” reads the image, quoting the Rolling Stones’ song.

No matter how big the iTunes store has become, there’s always been one band in particular that has been missing: The Beatles. We’ve all heard their music in one form or another, but if you wanted to download an album or track from iTunes, you were met with a collection of covers and tribute bands. Maybe that’s about to change as they release their entire catalogue remastered in stereo. When? The same day as Apple’s rumored press event.

According to sources for All Things Digital, Apple will most likely be hosting another music event this September 9th. While this is on a Wednesday (not the usual Tuesday Apple schedules), ATD says their sources are “close to the company.” It’s rumored Apple will most likely have the event at the Yerba Buena Center for the Arts where it has been held for the past couple of times. At these September event, anxious fanboys usually find refreshes to the iPod and iTunes parts of the companies, not Macs or MacBooks.

With the Apple Event scheduled for September 9th, there has been much hype surrounding the event. It is all but confirmed that there will be redesigned iPod nanos, possibly some new iPod touches, maybe a Mac or two, and perhaps a new version of iTunes. Now all this is fine and dandy, but there are some who don’t share my and many other’s optimism about the event. AAPL has continued to fall, despite the great possibility that something(s?) wonderful will be announced at the upcoming event.

Find out why after the break.