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How will the mainstream music press handle Live 8?

Oddjack has a mostly-cheeky list of odds on Live 8 (example: odds that someone'll use the pick up line, 'How’d you like to relieve the African debt in my pants?' are 1 to 5), but this one raises an interesting issue: odds that "Spin will marginalize the event with a Chuck Klosterman column and complete lack of coverage" are 5 to 1. 

So far, it seems like Live 8 has been treated by MSM as a political event (as it should be), and a celebrity spectacle (which it clearly is). But is it also a major moment in the music industry? The  London line-up is really pretty spectacular - if the Pink Floyd reunion wasn't good enough, I don't think one can underestimate the weirdness potential of Mariah Carey and the Who appearing on the same stage. But the other lineups aren't exactly, uh, revolutionarily well-curated. How will the snobby music magazines react?   

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