An iPhone Nano? Be careful...you've just opened yourself up to angry/passionate responses of: race to the bottom, Apple doesn't do cheap, if it's not a full iOS it's stupid, cannibalization, low margins! damnit! Leave feature phones to the Samscum of the earth! Many don't realize that new form factors, like an iPhone nano (feature-like phone), iWatch, etc...are a redefinition of Apple and doesn't have to mean a cheap, money losing business strategy.