Unveiling the iPhone 5

It is alternately a depressing and exciting day for people who need to own the latest gadget. The new iPhone 5 is being unveiled. Your formerly-latest-gadget that you paid dearly for in exchange for all the admiration that comes with it, is now a liability that singles you out for shame. You might as well walk around with the Easy Bake Oven.

Apple is holding the unveiling at noon (CT) at the “Apple Town Hall” at its Cupertino, Calif., headquarters. For this event, however, Apple is not providing a live video stream on its website.

However, there are several live blogs that will be underway. Slashgear, Electronista, and Engadget are among the go-to sources.

And Vertex says it will provide some sort of narrated video stream and pregame “show.”

But, the Wall Street Journal says, the iPhone may be losing its “cool factor.”