Well,,looks like all the big boys attention are now focusing to this latest toy from Apple for this coming Christmas Eve,,& definitely not as present to others or love ones,, but primarily for their ownself,,haha,,!!  Surely,we dont want to rush for no reason before knowing a bit or two regarding its specs & functionality other than its sexy look or much talkabout hype,right? Here are some good info for you to decide wether this phone is up to the reputation,,which also help to serve as technical justification to your mate for her/his approval before you can calmly swap your credit card,,hehe,,

Lets us look what it has to offer:

Description

Apple's fourth-generation smartphone is a significant upgrade from the iPhone 3GS, starting with its 3.5-inch, 640 x 960 touchscreen, a much higher resolution than any previous iPhone has offered.

It has a slimmer design and runs iOS 4.0, the latest version of Apple's operating system, on a 1 GHz Apple A4 processor. This is the first version of this mobile OS with support for multitasking.

The iPhone 4 has a 5 megapixel rear-facing camera with a flash and support for recording 720p video at 30 frames per second. In addition, it includes a small front-facing camera for video chatting with an app called FaceTime.

Not everything has been improved: Apple's latest smartphone has the same amount of storage capacity as the previous one.

Quick Specs

Operating System: Apple iOS 4.0

Processor: 1 GHz Apple A1

Memory: 16 GB or 32 GB of Internal Storage

Screen Resolution: 640 x 960 pixels

Screen Size: 3.5 inch

Keyboard Type: On-screen

Communications: Bluetooth, GSM, EDGE, HSDPA, Wi-Fi, UMTS

Camera Resolution: 5.0 megapixels

GPS: Yes

Dimensions: 4.5 x 2.3 x 0.37 inches

Weight: 4.8 ounces

Release Date: 6/24/2010

PERFORMANCE
iPhone 4 packs a serious punch. It has the same Apple A4 chip that is also used in the iPad, which has 1 GHz of processing power --. Previous iPhone 3G users are going to be very pleased with the results because you will notice a drastic change in performance.
The iPhone now has 512 MB of RAM, which is a big step up from the 256 MB found in the iPhone 3GS. This brings better performance for multitasking.

Apple iOS 4Equipt with iOS 4, the latest version of Apple's operating system,which brings a range of new features, including the greater support for multitasking,
iPhones have always been able to run Apple's own apps in the background, but the new version gives third-party software a limited way of doing this.
Hit the Home button twice, the current page you are looking at shifts upward, and up from the bottom rises icons for four applications that are already running. From here you can just tap one of those applications and be taken to it.
iOS 4.0 also lets you store application icons in folders, gives you an improved inbox, and even lets you use Bluetooth keyboards.

Wireless Features
This smartphone has a typical quad-band HSUPA chip for data and voice, 802.11n Wi-Fi, and Bluetooth 2.1. There is a difference in data-transfer speed in the iPhone 4 compared to the iPhone 3GS, but it isn't that much of a leap.
 
CameraThe latest version of Apple's smartphone is the first with two cameras. The main camera sports a 5 megapixel resolution. Combine with illuminated sensor that is more sensitive to light,this increases the light being brought in, which raises the photon count, and the pictures are clearer.
The camera has a pretty good quality for it to be just a cell phone. People who're considering buying a nice new digital camera sometime soon, most probably wont see the need anymore.
Worry about low light situations?Well,iPhone has a built in flash now as well.
As far as video recording quality goes, there are no complaints here for the 720p capture quality. For a phone, this is above par. The only downside is the size of HD video and storage on the iPhone. An hour of recording is anywhere from 4 GB to 5 GB, which can add up if you don't sync back to your Mac or PC. You also can't upload that video in full 720p quality to YouTube unless you use the iMovie app, which is $4.99 in the App store. Otherwise, the quality won't be 720p.

FaceTime
The iPhone 4 is the first with video calling. This has never been popular, but Apple hopes to change it.
The second front-facing camera comes into place here. This is VGA quality, so it won't be anything like the backside camera, but it's good enough. The FaceTime app is really cool if you are using it to communicate with someone you don't always get to see in person.
There are two huge downsides to this at the moment though. First, it can only be between two iPhone 4's, and no previous iPhone model. Second, and the biggest, is that currently it can only be used over Wi-Fi.
To initiate a FaceTime call, you must call the person first, and then switch over. This will only use a minute of your voice plan, and once you are connected, it is all on Wi-Fi, so your minutes don't go dwindling away.
You can switch between both rear-facing and front-facing cameras, so you can show someone what you are looking at, instead of just having them look at you all the time.

Etcetera
The iPhone 4 is the first version of Apple's smartphone with a Gyroscope, which now gives it the ability to sens six axis' of rotation. I can't wait to see the new applications that take advantage of it. Along with the accelerometer and magnetometer already included, any game that you have played where the device has to be controlled via motion will be incredibly precise now. Augmented reality applications will also be something to look for in the coming months.
The iPhone 4 also has a bigger battery, which seems to match up with Apple's own timings.

Enough said,,for this latest phone,Apple might almost come close to designing the eight wonders of the world in terms of communication gadget,,so,,just look around & enjoy the shopping for best offer,,grab it while it still hot!! Amazon.com might be a good start !