Kotaku is live blogging it. I doubt there will be any announcements of new games, but release dates would be good at least 
 
Live stream here  http://mfile.akamai.com/73487/live/reflector:49700.asx
 
Ustream version:  Here
 
Justin TV link: Here  

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Technically, I think Konami is streaming it, but their site is hella broken so good luck with that.

joystiq also live blogging it, with pics at least
 
  http://www.joystiq.com/2010/06/16/konami-e3-2010-keynote-live-from-the-los-angeles-convention-cen/

We can use this as the discussion thread. Stickied.

" There is a working live stream at this link "

Def Jam Rapstar trailer problems >_>

 All I want is more MGS. Castlevania kind of looks good, though.

Show us more cutting up fruit.

" There is a working live stream at this link "

Lol technical  difficulties, trailer froze.

Man this is awkward

" @Rhaknar: Please put this link in your first post so people can watch it live. "

Not sure how that live stream link is supposed to work, its just opening WinAmp on my computer. 
 
Edit: NVM, got it.

" Not sure how that live stream link is supposed to work, its just opening WinAmp on my computer. "

Awesome, Russell Simmons just said "fucking"!

For some weird reason, it wouldn't run if I clicked the link in Crome, but then I popped it into Firefox and it worked fine. Ooo, Russell Simmons.

What is this game?...

" Here is a UStream stream of it. "

" And here is a JustinTV link. "

ZOE3 PLEASE

Is this Singstar with rap songs?

" What is this game?... "

Obama is hip-hop?

"Best karaoke game of all time, whatever that means."
 
He just said that.  Haha.

Soooo...Obama is the reason this game is getting made?  I'm sorry, I must be lost in this whirlwind of race-relation nonsense.  You want to talk about forwarding communication and so far you've said "fucking" and "shit" followed by "it's for kids."  Just show us the game and drop this bullshit.

Daft Punk = rap? >_>

" @JJOR64: Also - "We're gonna market the shit outta this"  I guess there's no media training for Russell Simmons "

Lucha Libre! :D

It's Luchadeer without the deer part.

that looks pretty bad, looked like TNA impact engine

Thhhhhat's a pretty dope belt.

Mucha Lucha game looks good.

lucha libre at E3, Jeff has to mention that in the bombcast tonight :D

Chances that we get a video of the Giantbomb crew with the Lucha Libre fights going on at the Konami booth?

We need footage of those matches. Vinny make it happen!

LOL a match to determine the cover wrestler? thats amazingly badass :D

LA PARKA!