I'm thinking they'll go on sale later in the month. The updates might be other products. Updates to existing CPU lines maybe. The only shipments to retail stores that blogs have picked up on has been a small box saying not to open until after WWDC. Rumors are they are 3G demo units. We'll see. I'm going to the 5th Ave store in about 40 minutes to see what's up. Hopefully they'll put the keynote up on the theatre screen.
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Last 7 movies I saw:

Cleaner: B-
Flash Point: C-
No Country For Old Men: B+
Harold & Kumar 2: C+
I Am Legend: B+
Michael Clayton: A-
Vantage Point: B-