The people responsible for the LHC are meeting in Chamonix this week to make plans for the upcoming run, slides of many talks are available here. The results of discussions there are:
For a discussion of the possible physics that can be done with these parameters, see here. By the end of 2011 the LHC should be able to do better than the Tevatron on the Higgs search over most of the possible mass range, except for the low end of the range, where higher energy isn’t much help, and the Tevatron’s more than 10 inverse femtobarns and longer experience with the data analysis may give them an edge.
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