Now the wait is over , according some information apple is now ready to show his next generation iphone

Its expected to be the debut of iPhone OS 4.0, the first version of Apple’s operating system that will allow third-party applications to run in the background.

It will supposedly be based on an Apple A4 processor, a 1 GHz chip also used in the new iPad. The device will reportedly have 512 MB of RAM.

In addition to a 5 megapixel rear-facing camera, there is strong evidence that the next iPhone will support iChat video conferencing using a front-facing camera.

The iPhone HD will almost certainly offer other features users have come to expect, like 3G wireless networking, Wi-Fi, Bluetooth, and a GPS receiver.

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