The wait is finally over as the 2012 London Olympics are set to begin today. Actually, some of the sporting events began a while ago, such as the basketball and soccer matches. But according to the official 2012 Olympics Schedule, the grand opening ceremony starts today, Friday, July 27, 2012 at 4pm EDT. Queen Elizabeth II will participate in declaring that the Olympic games have formally begun as part of the three and one-half hour spectacle, which hopes to rival that of the 2008 games in Beijing, China. Is London and the rest of the UK ready?