http://www.wired.com/gadgetlab/2009/05/next-gen-iphone-specs-launch-date-revealed/
# 32GB and 16GB storage (up from the current 16GB and 8GB models)
# $199 and $299 price points to be maintained
# 3.2-megapixel camera (up from the current 2-megapixel camera)
# Video-recording and editing capabilities
# Ability to send a picture & video via MMS
# Discontinuation of the metal band surrounding the edge of the device
# OLED screen
# 1.5 times the battery life of the current models
# Double the RAM and processing power
# Built-in FM transmitter
And there is more.
# 32GB and 16GB storage (up from the current 16GB and 8GB models)
# $199 and $299 price points to be maintained
# 3.2-megapixel camera (up from the current 2-megapixel camera)
# Video-recording and editing capabilities
# Ability to send a picture & video via MMS
# Discontinuation of the metal band surrounding the edge of the device
# OLED screen
# 1.5 times the battery life of the current models
# Double the RAM and processing power
# Built-in FM transmitter
And there is more.