Well, well, well. We've been hearing about this LG Optimus event, but didn't know it was going to be a digital press conference. Note that the time, 6 to 6:30 pm, is Korea-based. That would be 4 am for Eastern time and 1 am for Pacific.
Taylor over at Android and Me still thinks this is going to feature the Optimus Pad. It very well could, but I don't think this shape (below) matches the pad at all. That little dip on the right looks like the base of a smartphone, in my opinion. The Optimus Pad looks quite flat.
And there are two upcoming LG Optimus smartphones, the Optimus One and the Optimus Chic. Then again, there's those yet-to-be-seen dual-core handsets running on the Tegra 2 CPU, supposedly with a December release.
Here's some video, also from Taylor, of the two Optimus phones at IFA.
Source: Android and Me (including images)