From the list of what has been mentioned so far, I choose: higher resolution (HD), better battery life, more storage capacity (why not have your movie collection with you at all times along with your entire music collection?), and sure a few new colors. I like also the noise-reduction mic idea. I do NOT want to see: OLED anything until they can improve its life beyond 2 years or so (sure maybe you'll only keep the phone for 2 years until the new hotness comes out, but what about the poor sucker you give/sell your phone to?), an all aluminum back (sure it's pretty, but I like having good signal--that, and not Apple's cheapness, is why the back was switched out in the first place!), a rubberized back (that's what skin cases are for!), any moving/changing of buttons to include a slide-out anything. I love the form factor and sturdiness of the phone, and like others have said why change something good just because you're "bored" with it. If the iPhone bores you that much, wait until your contract ends or buy out now and get a Palm Pre or some Blackberry or other! ;p Something I'd like to see in a next generation iPhone that hasn't been mentioned is: Bluetooth connectivity with a printer (I don't know if this is a hardware thing or only a software thing), and that's all I can think of that I'd want in a device this size. I mean, more configurability would be nice sure but that's really a software thing for one, and for 2 the phone is designed to be useful and to not break when you use it, both of which it does well; does configurability always = usefulness? Nope.