Would you look at this, rumored next generation iPhone specs has been leaked and I have to say if all this is true, then the iPhone would officially become a Smartphone and not some media gadget with phone capabilities.

Apple iPhone 3G

The next gen iPhone allegedly has an updated RAM and processor, video recording, 32GB memory and allot more which you can view in the list below. If all this is true, then the iPhone is now worth getting on my end, all we need now is removable battery and I'm sold.

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

Via: [Wired]