padraic_93 writes "Information has become available which reveals development is underway for the new iPhone 4, as well as suggestions of features and Apple's plans for the phone.
A report on PinchMedia, which made repeated use of the term 'iPhone 4,' was cited on the website MacRumors, though the website admitted that such reports can often be forged. The report also made allusions to a 'Corporate Event' planned for June 28th — July 2nd 2010, which have been taken as referring to the next WWDC."
A related rumor holds that Apple has ordered 40-45 million 5-megapixel cameras
, which might hint at new functionality.