Of course it's early, but a lot of us 3G owners are stuck with waiting for the 4th generation iPhone since AT&T has yet to eliminate the $400 upgrading fee. Apple has a year, technology is increasing exponentially, so use your imagination! 1.) 5 MP Camera or even 1080p picture quality. Videos will also be great quality. Light flash as well. 2.)32 GB($199), 64 GB ($299) models 3.)RAM goes up to 512 MB, up from iPhone 3GS's 256. Ridiculously fast! 4.)Ability to handle 3G at immense speeds (7.2 Mbps and above) and capability to use 4G 5.)Video Conferencing with a front faced camera 6.)Wireless-N capability 7.)Battery will be 50-100% better than iPhone 3GS 8.)Phone will be much slimmer and the screen will be .5-1 inch bigger, 9.)Slider keyboard option 10.)OLED screen 11.)Flash built into software 12.)We already know that iPhone is more powerful than the PSP and DS combined, so maybe Apple can work on making the graphics closer to the PS2. 13. Ability to use the iPhone has a portable hard drive. This might be fixed in a firmware, but if we had 32 GB sitting in our pockets, it would be tremendously useful in so many circumstances. Maybe it will be worth waiting a year, we'll see!