After a week of Olympiad recovery, for players and fans, the 2010 Bilbao Masters kicks off tonight. 3 of the 4 participants (Carlsen, Shirov and Kramnik) have come from Khanty-Mansiysk, while Anand used the previous 2 weeks for rest and preparation.
This years event is a 4 player double round robin using the time limit of 40 moves in 90m followed by 60m and a 10s per move increment from move 41. Sofia rules on draw offers is in effect, and the 3-1-0 scoring system is being used.
Live coverage (including live video) is available from the tournament website. The only downside, the round times mean a 1:30 am start for fans following the games from eastern Australia.
My tip for victory: The well rested Anand.