No sooner did we close the door on the iPhone 3.0 Software Event did the rumors regarding a next generation iPhone start flying. So what's happening in Cupertino and is it enough to break out your camping gear this June?

It's fast or should be say faster. Silicon Valley Insider reports via a plugged-in source in the mobile industry, that the next gen iPhone will have a "significantly faster Internet connection". Sounds to us like it's a faster WiFi connection (802.11n vs current 8.2.11g/b). Are they finding ways to improve 3G speed in the new iPhone?

 One thing missing from the iPhone Software 3.0 event was video recording or was it? AppleInsider has a source who's proven to be extremely reliable with regards to hardware changes and they say video recording support is on the way. Not much else coming from this source. AI believes the new capability will usher in a new 'Movies' iPhone app.

Finally, the new iPhone 3.0 OS references two new models. One being a new iPod and the other being iProd? The first gen iPhone is known as iPhone 1,1. iPhone 3G goes by 1,2. The believe the new iProd name is an entirely new product or perhaps new iPhone.

via Gizmodo