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Apple has announced that it has updated the all-in-one iMac product line with the latest Intel Core 2 Duo processors, a faster 1066MHz FSB and optional nVidia GeForce 8800 GS graphics.

“The iMac’s gorgeous aluminum and glass all-in-one design has been an incredible hit with our customers and is just one of the reasons Mac sales are growing three and a half times faster than PC sales,” said Philip Schiller, senior vice president, worldwide product marketing. “With the latest Intel processors, a faster new graphics option and more memory, customers now have even more reasons to love the iMac.”

Here're the specs and prices:

20-inch 2.4 GHz iMac—$1,199
• 1GB of 800MHz DDR2 (4GB max)
• 250GB SATA (7200rpm)
• 8x SuperDrive w/ DL support
• ATI Radeon HD 2400 XT w/ 128MB
• iSight camera
• AirPort Extreme 802.11n & Bluetooth 2.1+EDR
• Mini-DVI out
• Stereo speakers and microphone; and
• Keyboard, Mighty Mouse and infrared Apple Remote

20-inch 2.66 GHz iMac—$1,499
• 2GB of 800MHz DDR2 (4GB max)
• 320GB SATA (7200rpm)
• 8x SuperDrive w/ DL support
• ATI Radeon HD 2600 PRO with 256MB GDDR3 memory
• iSight video camera
• AirPort Extreme 802.11n & Bluetooth 2.1+EDR
• Mini-DVI out
• Stereo speakers and microphone; and
• Keyboard, Mighty Mouse and infrared Apple Remote

24-inch 2.8 GHz iMac—$1,799
• 2GB of 800 MHz DDR2 (4GB max)
• 320GB SATA (7200rpm)
• 8x SuperDrive w/ DL support
• ATI Radeon HD 2600 PRO w/ 256MB
• iSight camera
• AirPort Extreme 802.11n & Bluetooth 2.1+EDR
• Mini-DVI out
• Stereo speakers and microphone; and
• Keyboard, Mighty Mouse and infrared Apple Remote

Options include the aforementioned nVidia GeForce 8800 GS with 512MB and a 3.06GHz Core 2 Duo processor.

Editor's note: The iMac arrives as expected, but where's the mini?

The all-new iMac. Beautifully redesigned 20- and 24-inch models from $1199.