Apple has issued invitations for a media event scheduled for 10:00 AM Pacific Time on January 27th. The event will be held at the Yerba Buena Center for the Arts in San Francisco, and the invitation’s tag line reads “Come see our latest creation.”

No official word if the iTablet is going to be announced at the event, but from the invitation it looks like something new is going to be announced! We’ll have to wait and see what apple and Steve have in their sleeves.

UPDATE:

FOXNews.com reports that Apple’s January 27th media event is expected to include the introduction of Apple’s much-anticipated tablet device and iPhone OS 4.0, as well as iLife 2010. According to the report, no iPhone hardware is expected to be shown.

I spoke to a source at Apple this morning, before the invite hit my inbox, who said the event would likely focus on three projects: The tablet device, iPhone 4, and a new round of iLife 2010 software. While we won’t see new iPhone hardware just yet, we will see the next-generation software.