This is a live blog of the valedictory keynote Steve Jobs decided not to give -- sending Apple senior vice president Phil Schiller to Macworld 2009 in his place.

Schiller's remarks began shortly after 9 a.m PST (12 noon EST),

Posts are listed in reverse order, with the latest posts on top. All times are a.m. PST.

The headlines: Expectations were low, but even those were largely unmet. There was no Steve Jobs cameo, no Mac mini, no new iMac, no Snow Leopard ship date, no memory upgrades for iPhone or iPod touch, no new iPod shuffle, no revamped Apple TV or Time Capsule. There was a new unibody 17-inch MacBook Pro with an impressive (if non user-removable) battery. There are new price points for iTunes music and 10 million songs are going DRM-free, if you are willing to pay extra for them. And iWork is making collaboration on the Web a little easier, but it's still in beta and it's no Microsoft (MSFT) Office -- or even Google (GOOG) Apps -- killer.

As one wag put it afterward, Tony Bennett got a standing ovation. Apple, not so much.

Apple (AAPL) closed at 93.02 on Tuesday, down 1.65% for the day.

Below the fold: The live blog.

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