The Cardinal Deacon, Jean-Louis Tauran, has come out to announce the new pope.
"Annuntio vobis gaudium magnum. Habemus Papam. Eminentissimum ac reverendissimum Dominum..."
The new pope is Jorge Cardinal Bergoglio, SJ of Buenos Aires, Argentina.
He has taken the name of Pope Francis. Here is our first sight of him (unofficially):