The Very Daring Fireball RE: WWDC 2009 Announcements

That John Gruber usually knows his stuff. I would pay attention if you care, at all, about what may or may not be announced at WWDC in about 3 weeks. The gist of his info is that the new iPhone will be faster in terms of processor & ram....and you will definitely be aware of it once you use the new phone. Also, 16/32 GB storage as well as a magnometer & video capabilites ala the Flip.