Google Phone?

Today at 11a.m. Eastern, Google is supposed to be making an announcement related to its (much-rumored) mobile strategy. According to everyone in the know, it will involve something of a partnership with a long list of major players in the mobile carrier and handset markets.

What is this mystery phone?

How does this affect Apple?

And will I have to choose between my two favorite companies?

More here, after the announcement.