NO WAY! Give us at least 8-10 MegaPixels, and I'm fine with it. 1080p is a must, and improve the colors! It may be 720p, but judging at the videos taken, it looks like 360p. I can't see the details! And I want larger sensors! And night photography support! Huge depth of field! Flash!
And 3G. That's the only reason I have an iPhone instead of the iPod touch. 3G. I need it badly.
Yep. You're right but then you could still use apps like Skype, Voxer, Viber and place internet-based calls which carriers don't like and it could save lots of people the effort of buying an iPhone. The difference between and iPod and iPad will just be the size. I get the feeling it will compete with the iPhone and don't think either Apple or phone carriers will like it. But it is totally possible so, who knows.