Ok, this may be all rumors, but we are hearing quite a bit of noise about the next version of iPhone. Apple will launch the new iPhone this summer and is also coming up with a CDMA edition for Verizon Wireless (to be launched later). It is also very likely that the new version will have HD support and may be called the iPhone HD or at least something similar.
As per DaringFireBall, things look really good. The device may feature the following: A4-family CPU system-on-a-chip, a mind boggling 960 x 640 display support, iPhone OS 4.0, a front-facing camera and support for 3rd party multi-tasking!
This is seriously going to be a long summer wait!