I think it makes sense. I can't think of any other reason why apple hasn't announced a 16gig iphone, seeing as the touch already has it. Im not talking about a completely new iphone, just a "rev B". I have a late 06 MBP, and I think apple may follow the same approach with the iphone. The MBP was new, so they had some kinks to iron out after the rev a. They then released the same computer, with better ventilation and a few other upgrades...but it was still the macbook pro. I wouldn't be surprised if they release a "new" iphone, with the volume issues, and the negative screens and so on completely worked out. It would also be right in line with typical apple behavior, which is resolving issues in a new revision, but never really acknowledging they existed. I think it also explains where the 16gig iphone is going to come from. Just a thought.