iPhoneuniverse.org

According to an article from Wired, (Actually, Wired is reporting on AppleiPhoneApps’ rumor, an insider from Apple’s hardware team has leaked the next generation iPhone specs, along with a speculated release date of July 17. Many of these specs leaked go along with the screenshots of things we’ve seen lately, including the digital compass, video recorder and video editing. The full list of possible specs include:

• 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
• July 17th, 2009 release date

OLED would be especially great, making the screen look nicer than it already is and have support for higher resolutions.