A few more tantalizing rumors were making their way around the web last week regarding Apple’s scheduled announcement yesterday, but the debut of the revamped iMac computer is still exciting news.

First of all, the new all-in-one model, which comes in 20- and 24-inch versions, is cheaper than its predecessors. Apple cut $300 off the price tag of the larger version, and $200 from the smaller one.

And on the features front, Apple added some new tricks and enhanced capabilities to its iLife suite of apps, particularly with photo management and video. And to appease the workaholic PC devotee so brilliantly depicted by John Hodgman in those Apple ads, the company also added Numbers, a new spreadsheet program. The company hopes the new models will further boost sales, which have been outpacing the rest of the PC manufacturers for a while now.—Gregory Mone