is still only rumors floating about, but hey, what a hearsay these make for! MacRumors informs about speculations on the processor, which is said to be the Cortex CPU. Now, what is so great about Corty is it should be running at 600 MHz (which adds 200 MHz to the current iPhone CPU frequency). Moreover, it is actually expected to be even faster and perform 1.5 times better. The amount of memory has been doubled to a total of 256 MB to ensure shorter loading times and faster web browsing. Storage memory should also be expanded, probably to a maximum of 32 GB. In terms of design, Apple will most probably keep the current iPhone shapes, which doesn't really come as a surpise, so do not expect any revolutionary changes in this respect.
Most of this matches pretty closely other rumors coming from the iPhoneApps site, which also informs of a possible release date – July 17
. It mentions that the new iPhone may feature an OLED screen, 3.2-megapixel camera, FM transmitter, increased battery life and a glowing Apple logo.
The new iPhone is now officially announced - you can check the Apple iPhone 3G S Specifications here