The event is set to start at 10AM at Basketball City in New York City. I don't see why Google would want to invite the press to a high end gymnasium, but I suppose there is a method to their madness. There's a lot of speculation going around that it has to do with a new Nexus phone or the 32GB model of the Nexus 7, and while I'm on the pot I'd like to mention the rumored $99 Nexus tablet as well.
There's also a chance that they might have cloned Michael Jordan, which would explain the location of the event.
But no matter what is announced, I plan to be there to cover it. Rather than just sit back and watch Google events from afar I plan to cover them in person from now on. That is, assuming I can get an invite.