I'm waiting for a killer iPhone that has rounded edge sapphire glass front and back, joined with an iPhone 4'ish Liquid Metal band around the edges!
Basically scratch proof front, back, and sides.
Rumor mills take note.
One might note that PayPal gets a significant percentage of each transaction, thus they make a lot more money than someone who's simply acting as an intermediary.
Secondly, while I agree that various signs point to Apple getting into mobile payments, it's also possible that the "inked" "card present" deals with AMEX and Visa could simply pertain to lower transaction fees for iTunes and AppStore purchases. Nothing more, nothing less.
Apple should bump it up to 2GB. Larger screens mean that the phone is going to be more and more for browsing web sites, news sites, pulling in more data from Facebook, etc..
Not to mention that, just once, I'd like to see Apple work on future-proofing a device.
They talk about illuminated buttons and buttons with markings... so if we were going to have an illuminated button for notifications... and if we didn't want something on the back like the LED... then why not an illuminated sleep/wake or volume button?