I know there's a lot of confusion and speculation about what exactly we'll see when Apple finally does announce the next iPhone, but one thing most people seem to struggle with is why Apple would have an upgraded phone spec wise as their lower priced, entry level phone this year instead of just keeping the iPhone 4. The answer seems quite obvious. Right now Apple is producing TWO versions of the iPhone 4. The first is the GSM version, the second is a CDMA version. While the CDMA version actually does contain a "world" chip, it doesn't contain a SIM slot within the hardware. Therefore, if Apple were to continue pumping out TWO different versions they would be required to maintain two seperate assembly lines. Now if they redesign the iPhone 4 as to allow for one "World" version iPhone 4 and then give it the A5 they will actually save some money by streamlining production for the entry level iPhone (enough money to offer it at a cheaper price point and still make money). Don't count out something better than an "S" for this year.