Well, it seems that after months of speculation, Apple is preparing to launch a new iPhone. Sadly it's not going to be 3G version - it's a simple memory upgrade.
According to a report over on Trusted Reviews, the 16GB iPhone will go on sale in the UK at 1.30 today. It'll be more expensive than the 8GB model at £329.
The Apple site is currently down - we'll keep you up to date as soon as we have confirmation of the launch from Apple.