What's Yahoo Announcing at Its Event Tonight?

This morning Yahoo announced it bought Tumblr for $1.1 billion, along with a GIF and a promise "not to screw it up." The Mayer-ship is hosting a "product-related" event in New York City tonight. We'll be there covering it live. But just what's the company talking about? Here's what we've heard so far:

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Source: http://feeds.gawker.com/~r/gizmodo/full/~3/PYYxOI_OknM/whats-yahoo-announcing-at-its-event-tonight-508888524

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