People keep having pics of what they think an iPhone nano would look like but they all do the same thing wrong. Almost every concept I have seen has the same exact features as the regular iPhone. If Apple is going to charge 2-300 dollars less for the Nano, it is going to have less features than the normal iPhone. The Nano should only have 2gigs of storage and it should not have certain features that iPhone has such as the YouTube widget, Stocks Widget, and Maps widget. The Nano would sell if it was the iPod, Safari, Mail, and the other simple widgets alone. The loss of features and storage is what should create the lower price, not the size of the phone alone.