OK, I obviously know the obvious answer to this question. http://www.macrumors.com/2007/03/14/flash-memory-and-apple/ http://www.informationweek.com/show...LNEW00QSNDLPSKHSCJUNN2JVN?articleID=197003359 The first story says that SanDisk just came out with a 32GB flash drive for $350. The second story says that flash prices should come down 65% this year. That means that that 32GB should be $123 in March of next year. Just makes you think if flash prices will have dropped enough during the six months that the iPhone is "pending" it's release that Apple would be able to bump the specs before its release. Personally, I won't be able to justify replacing my iPod (which is what an iPhone would ideally do) with just 8GB. I have 9GB of music and tons of movies. I would definitely get one in June if the high end was bumped to 12GB.