Beging the gadget hound that I am, there's a high likelihood I'll try to snag the new iPhone when it comes out if it truly has 32GB and a 5 megapixel camera. However, it all depends on the price AT&T charges. I have a ton of movies, TV shows, and music--way too much to fit on my 16GB iPod. I couldn't even fit all my music on a 32GB iPod so I'll have to give some hard consideration to whether it is worth me going to 32GB. The 5 megapixel camera definitely would be nice as I don't carry around a subcompact camera with me (though my wife usually carries one in her purse). I don't get the compass thing at all and have no use for it.

I think you need to decide for yourself whether you need any of the new hardware. The one thing we know for certain is that 3.0 firmware will be available for the 3G iPhone, probably for free (and, if not for free, probably for a minimal fee of something like $10).

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-Jay
The Fine Print:Nothing in this post (or any of my other posts) is intended to constitute legal advice or the establishment of an attorney-client relationship. For purposes of this forum, I'm just another nerd like you. :-)