There are strong rumours floating that Apple is going to officially announce the iPhone on Monday (Dec 18) and as the presumed release date gets closer so do the specs on the iPhone. Sources report that the iPhone will bs a GSM/EDGE (2.5G) phone and not a UMTS (3G) device thus it wont work on CDMA networks like Sprint, Verizon or Alltel. Apple's decision to go with 2.5G lies in the technology's advantages over 3G: physically smaller components and more reliable communication. The iPhone will be offered at the same price by all carriers as Apple does not want carriers to subsidize the cost of iPhone. It would be more accurate to think of the device as an iPod with phone capabilities, rather than a phone with iPod functionality.

The iPhone will most likely ship in two versions with 4GB and 8GB of Nand Flash, however pricing will be higher than a similar iPod and if Kevin Rose of Digg is to be believed the iPhone will ship in a 4GB version for $249 and an 8GB version for $449, representing a $50 and $200 premium, respectively, over the iPod Nano.
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