“Real Time” reports will now be offered in the Google Analytics interface Dashboard, and will include such data as the number of people that visit the site per minute, the number of current visitors on the site, visitor geo-location, and of course, the keywords driving traffic.
The new interface of Google Analytics (available to all users), is under the Dashboard tab; according to another recent announcement, this tab will soon be renamed the Home tab. This new feature does not require extra tagging.
According to Google, full roll-out could take up to 1-2 weeks, but in order to get the new feature sooner than later you can signup for the beta by filling the form at https://services.google.com/fb/forms/realtimeanalytics/

