Or is it? All we know at the moment is that Apple plans to introduce a mobile phone that is also a widescreen iPod and an internet communicator. More to come as we get it...
[Edit]: It's called the iPhone. Jobs says it'll be a smartphone, smart because the phone is smart, not because it's easy to use. Hmm.
But apparently the iPhone will be smarter than all which has come before. Phonewise, I mean. Not in terms of everything ever. Even the iPhone would be hard pressed to beat the wheel or the duvet (my favourite invention in history).
The multitouch iPhone will have a hardware/software interplay, is revolutionary, won't use a stylus, and will use OS X. Sorry this is so scatty, but I'm writing as I learn.
According to Jobs (but then he would say it, wouldn't he?), the iPhone: "Has everything you need." Everything we need would appear to be: networking, phone, desktop class applications, core animation, iTunes syncing, full media syncing, syncs with calendar - and all this syncing happens via the cradle.
In terms of appearance, the iPhone will have a single button on the front, a 3.5" high res (at 160ppi it'll be the highest ever shipped) screen, a two megapixel camera, and it'll be super slimline at less than 3/4 of an inch. And yes, it does look remarkably like an iPod.