iPhone News Updated

From iPhoneAlley.com and CNET:

“Per the rumor mill, Apple is expected to open its long-awaited App Store at the beginning of the Worldwide Developers’ Conference next Monday. A source close to the story cited that the online store will launch and be up and running that day with Steve Jobs giving the keynote address at the event.

Other reports have only contributed to the fervor. A recent Gizmodo report has stated that the next generation iPhone, which is expected to run on the iPhone 2.0 software, will be released on Monday. The upgraded operating system software is expected to enable the delivery of applications through the App Store.

For owners of the current generation of iPhones, the iPhone 2.0 software is anticipated to work with both the current iPhone as well as the long-anticipated 3G version. Another source close to the story cited that the new iPhone will combine GPS and faster networking speeds, thereby allowing for a range of location-specific applications to arrive on the iPhone, putting Apple’s handset on par with competing devices.”