Here's the current list of updates of the conference as given to us by GWN.com
9:40 AM: Conference is about to start. Get ready!
10:20 AM: The press are all inside now. There's a LOT of buzz in the air. If Nintendo don't announce date and price today, I think the Internet may implode. Stay tuned and keep refreshing for our live blog coverage.
10:35 AM: The conference is starting a little later than expected.
10:38 AM: Conference has officially started! Iwata is here along with several other Nintendo big wigs from Japan. The speaker is introducing everyone. Iwata got up and took a bow.
10:40 AM: Still introducing the Nintendo reps present.
10:48 AM: Iwata is speaking now about PSP, PS2, DS, sales figures. So far no mention of the Wii. Of course, it makes sense they're getting the other stuff out of the way first.