Ok, in case you all missed my post on another thread around here, this is what's happening at WWDC, but first, a disclaimer:
In no way am I affiliated with or employed by Apple internally and anything I post should be taken as pure speculation on my part.
1. Updated iPhone with 2.0 will be released before the WWDC. It wll NOT have GPS or Video camera but will have increased storage size (16GB and 32GB) and 3G of course. No special event is necessary for this.
2. A new product WILL be introduced at WWDC much bigger than the iPhone with a 13 inch screen and it will be known as the Macbook Touch:
As I stated in a previous thread, I did not create this image, it was found as an upcoming ad for WWDC and in no way do I have knowledge of or privilege to inside information at Apple (just in case anyone gets touchy about all of this.)