New iPhone to launch July 17, full specs leaked?

Wired is reporting that a source closely connected to the Apple hardware team is giving out details about the suspected upcoming revision of the iPhone. Among the most important details are a launch date of July 17 (a Friday) and that it will come in two flavors of 16GB at $199.99 and 32GB at $299.99

Full potential leaked spec list below:

• 32GB and 16GB storage (up from the current 16GB and 8GB models)
• $199 and $299 price points to be maintained
• 3.2-megapixel camera (up from the current 2-megapixel camera)
• Video-recording and editing capabilities
• Ability to send a picture & video via MMS
• Discontinuation of the metal band surrounding the edge of the device
• OLED screen
• 1.5 times the battery life of the current models
• Double the RAM and processing power
• Built-in FM transmitter
• Apple logo on back will glow
• Rubber-tread backing
• Sleeker design
• Built-in compass
• The camera, GPS, compass and Google map combined will identify photo and inform about photo locations
• Turn-by-turn directions

The upgrades provide a solid reason to purchase a new one but do not provide any ground breaking features that haven't been seen before in a mobile device.

The FM transmitter is a nice feature but anyone who has tried to stream music to a car radio will tell you that they are nothing short of terrible, especially if you live in a populated area with many radio stations.

It won't be until early June when the world will find out if these specs are true or just another person looking for their 15 minutes of fame; albeit, they do line up nicely with some of the rumors that have been circulating the web.