The waiting is over, and now it's time for the show to get under way in earnest.
Despite several events having already kicked off, today marks the start of biggest thing going right now, the London Olympics.
As is usual with these sorts of things the build-up was beset by controversy over security, inadequate and unfinished facilities, transport issues and worries over the fitness of athletes. All that will be forgotten with today's opening ceremony, which is sure to be spectacular - surely it is written somewhere that as the athletes try to out-do each other and previous benchmarks, so, too, do Games organisers try to set a new standard for glitz, glamour and all-round showmanship.
Of course, the Olympics are big business and the London event the costliest yet.
Sponsorships, construction of venues, broadcast rights all add up to amounts that make the return on our Government's sale of assets seem like pocket change.