Crave at CES: Phones, tablets, and Justin Timberlake dominate press day

Not even Justin Timberlake could bring the sexy back to MySpace.

The pop singer/actor was one of several celebrities who lent their star status to a number of companies today, as more than 18 consumer electronics manufacturers unveiled their new products and services at CES 2012's Press Day.

In Timberlake's case, he joined Panasonic on stage to pimp the new MySpace TV service, but we took it as a bad sign when the audience started laughing at the mere mention of MySpace.

Though you wouldn't know it by the press conference, Panasonic had some great announcements, including what could possibly be the best TV value on the market and a new flagship model. However, it is facing some facing some stiff competition from LG's 55-inch OLED TV. Seriously, this TV makes me drool.

For something a little more twisted, Lenovo revealed a rather interesting concept in the IdeaPad Yoga. (Yes, Yoga.) The laptop/tablet hybrid features a 360-degree flip-and-fold design that allows you to use the device in four different positions. Certainly cool in theory, but would you really use it? Or would you rather have a waterproof tablet?

Nokia Lumia 900

All that said, today's biggest winner is cell phone and smartphone fans. With more than a dozen handsets announced today, it doesn't look like the wireless industry is slowing down one bit. AT&T made the biggest splash with the introduction of the first 4G LTE Windows Phone handsets, including the Nokia Lumia 900, and six LTE Android devices.

You know Verizon couldn't let its biggest competition soak up all the spotlight though, right? As such, Big Red revealed the Motorola Droid 4, the Motorola Droid Maxx, and LG Spectrum, among other things

Lastly, Microsoft held its final CES keynote today as the company will not return to show after this year. The address turned out to be more of a victory lap than a platform for going out with a bang, but it did provide for our CES moment of zen.

We'll hit the ground running again tomorrow as CES officially opens its doors to the public. We've got more live blogs coming, as well as CNET's Next Big Thing Supersession with Google's Eric Schmidt, Samsung America's consumer electronics and enterprise business president Tim Baxter, Sling Media co-founder and Amazon board member Blake Krikorian, and venture capitalist Bill Gurley, so be sure to keep it locked on CNET for all the action.