You know, it is pretty telling that Apple's own Mac OS X 10.6.4 does not support Facetime in iChat, so it's of little use, and ONLY over WiFi. What a joke -- no other implementations of Facetime from anyone, not even Apple's Macs.
So there is really NO REASON for no iOS 4.x for the ORIGINAL iPhone then, since the core specs are the same as the 3G... Apple should AT LEAST update the Safari, iTunes and QuickTime features on the first iPhone just like they do on Mac OS X! \
STILL needs Blu-Ray to justify a $100 increase, plus needs 7200 RPM drives STANDARD, or at least an OPTION for the base model!
My guess is they will FINALLY add Blu-Ray around Sept/Oct when a new iLife w/Blu-Ray burning features gets released... Or maybe never LOL.