A quick heads up. You can catch a live stream of the Coachella 2012 music festival on YouTube. (Actually there are three separate live streams.) The festival runs through Sunday, and you can find a complete schedule right here. Radiohead and Bon Iver are up tonight. Florence and the Machine and Dr. Dre and Snoop Dog hit the stage tomorrow.
Also worth noting: Google is making available free tracks by bands appearing at Coachella. To take advantage of this offer, you'll need to register for/install Google Player.