According to Mac Rumors, John Gruber articulates
I expect Apple to announce updated iPhones with significantly faster processors, twice the RAM, and twice the storage. I expected prices to remain the same as the current lineup: $199/299 for 16/32 GB, respectively. The video camera is going to be a major selling point.
Also they have given a new name for the iPhone , iPhone 3GS. According to them the "S" maybe will stand for speed or some thing.
T-Mobile Dutch would have accidentally leaked a little bit detail like this below
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