[Alex Murphy]

32GB and 16GB to replace current capacities
$199 and $299 price-points to be maintained
3.2 Megapixel camera
Video recording & editing capabilities
Ability to send a picture & video via MMS
Discontinuation of the metal band surrounding the edge of the device
OLED screen
1.5X The battery life
Double the RAM and processing power
Built-in FM transmitter
Apple logo on the back to light up
Rubber-tread backing
Sleeker design
Built-in compass
Revolutionary combination of the camera, GPS, compass, and Google maps to identify photo and inform about photo locations.
Turn by turn directions

“A compass in the stock, and this thing which tells time..."

[Richard Kimball]

Now that's funny, I don't care who you are...

The FM transmitter will be cool, as it will allow you to play the iPhone through your car speakers without having to purchase the third party thing. I'm sticking with my current setup, though, couple of years before I'll need to upgrade.