I just got off the phone with an at&t rep. that told me that the up dated iphone, that will come out the begining of next year will have more memory and run on at&t's faster net-work (3G!!!!!) i didn't here anything about a GPS chip, But thats want the rep told me. That really sucks for rest of us suckers that bought the frist Gen. Iphone, but great for Steve, because not only will it bring in more buyers, but most of us that drop $599.99 will turn around a buy this model...