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TUAW liveblogs the Q1 2008 earnings call at 5PM ET

Apple will be reporting its 2008 Q1 financial results today at 5 PM EST. After yesterday's worldwide market plunge (U.S. exchanges were closed for Martin Luther King, Jr. Day), Apple shares dropped as much as 8% as the markets opened this morning. Though the stock has largely rebounded (thanks to the Federal Reserve's surprise emergency cuts in lending rates), this will certainly make for an interesting backdrop for today's earnings call.

We'll be live-blogging the call (it is streaming live via QuickTime here) and trying out the CoverItLive service to see how it performs.

Join us back here at 5 PM EST for all the action.