Well crap. Now that the iPad, disappointingly, runs a big iPhone OS, Apple will undoubtedly want to keep some "space" between the two product lines. I think this is may slow down iphone development as Apple wont want people to forego their fancy new product for basically the same thing in a smaller and cheaper form factor. I am worried that this will result in NO 64gb iphone for the foreseeable future. That is a huge bummer as I was really hoping for a iphone that could hold all my media (music, photos, videos, movies)..but it looks less likely now..