Until we officially hear from Apple (probably during the keynote address by Phil Schiller on June 8th), here’s what we can expect from the latest iPhone: 32GB storage, twice the RAM and processing power, 3.2 MP camera, 1.5× battery life (bet this will be the most looked-forward to improvement) and removal of the metal frame for a sleeker body profile and a rubber thread on its back. Other additions include a built-in compass, FM transmitter and an illuminating Apple logo – not sure what that last one is for when they are trying to make the battery last longer. Release date is predicted to be Friday July 17th, since it’s predecessors (iPhone Classic and 3G) went on sale on Fridays in July 2007 and 2008 respectively.