I hope that the new Iphone will have the following features.
32 and 16 Gigabyte models are inevitable.
My hope and what I think is that the price points will be maintained.
3.2 Megapixel Camera, up from the 2 megapixel.
Video recording and editing capability, as well as MMS (Picture or Video messaging)
Discontinuation of the metal edge between the front and back of the phone.
1.5x the battery life (this is semi-dependent upon the OLED screen)
OLED Screen (WOOOOT!)
600MHz over the currently existing 400MHz as well as 256MB ram over the currently existing 128MB, however, the new iphone should be about 1.5x faster than the current generation.
Built-in FM Transmitter
Apple Logo Illumination
Rubber-tread backing
Sleeker design (possible, but not likely imo, unless it comes from the OLED technology, in that they won't need a backlight... )
Built-in Compass
Turn-by-turn directions
And lastly, but most interesting, is that through GPS, Compass, Camera, and GoogleMaps, the phone will be able to take a photo, and then later tell you exactly where the photo was taken, and in what direction. Just interesting, not necessarily a "break-through".
Oh, and the rumored release date is July 17th, though I find this possibly a little soon because of something that I read earlier saying that Apple was looking to hire someone to work with the new iPhone processor, although this could just mean after the phone has been released.