Well the press conference will be starting in a few minutes, so I was taking a look at Engadget's site and they have everything updated there with minute by minute news of what is happening. For now here is the link to their site and after the press conference we will have more for you right here. Stay tuned

Engadget Link: Apple iPhone 4 Press Conference

UPDATE 
Well the press conference is over and if you had seen the link above, there were many pictures of what was happening throughout the conference. The news is that Apple in fact will not be recalling the iPhone 4, obviously because they will lose a lot of money in the process. They are however offering free cases to consumers who own the iPhone 4 and that the users who bought a bumper will receive a full refund. There will also be a refund for AT&T contracts. These offers only last till September 30th. You are also eligible to return your iPhone 4 for a refund and I am pretty sure they are going through a different manufacturing process to stop this signal issues with the antenna's. The white iPhone is set to be released at the end of July and next up Apple will also release the iPhone 4 to seventeen other countries, by the end of July and they are: Australia, Austria, Belgium, Canada, Denmark, Finland, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, New Zealand, Singapore, Spain, Sweden and Switzerland.

That's the news for now, stay tuned for more in the future!

Here is a video from Cnet, highlighting the conference today!


Special thanks to Cnet for this video!