At CERN the Large Hadron Collider (LHC) project is well advanced. First proton-proton collisions at the high-energy frontier are expected for the second half of 2007. In parallel to the collider construction, the powerful general-purpose ATLAS detector is being assembled in its underground cavern by a world-wide collaboration. ATLAS will explore new domains of particle physics. After briefly overviewing the LHC construction and installation progress, the status of the ATLAS experiment will be presented, including examples of the exciting prospects for new physics.