Steve Jobs unveiled the new Power Mac G5, powered by IBM's new PowerPC 970 chip, Apple's CEO claimed the new G5 performance could outperform any Windows-based PC on the market... that's another bold claim in one day (see our ATI post below).

The G5 is looking pretty sharp design-wise although it does come at a cost, as usual...

The entry-level model comes with a 1.6GHz processor, 256MB of memory, an 80GB hard drive and an Nvidia GeForce FX5200 graphics card. It will sell for $1,999. The midrange system sells for $2,399 and comes with a 1.8GHz G5 processor, 512MB of memory, a 160GB hard drive and the GeForce FX5200 graphics card. The high-end model sells for $2,999 and has two 2GHz G5 chips, 512MB of memory, a 160GB hard drive and an ATI Radeon 9600 graphics card. All three machines sport a new aluminum case and come with a SuperDrive that can read and burn both DVDs and CDs.

Jobs also said the new IBM processors could be hitting the 3GHz mark in about a year. A good information round up can be found at CNet.