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802.11n Support, Video Editing Found In New iPhone OS 3.0 Beta Build
Submitted by Edward Kirk on April 5, 2009 - 5:14pm.

Developers are continuing to dig through the new 3.0 firmware beta and have uncovered two possible new features that may be evidence of an upcoming hardware revision. Driver support for a new Broadcom Wi-Fi chip suggests the addition of high-speed 802.11n Wi-Fi in a future iPhone. Meanwhile, a few new interface elements have shown up on the video uploading screenshot found a while back, suggesting that the next iPhone will have a few basic video editing capabilities in addition to the ability to record and upload video.
[via MacRumors, TUAW]

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Meh
The innards were good - the antenna upgrade was fine
The time came once again for nerds to stand in line.
For Steve Jobs has given the world another wonder
A brand new iPhone with which to send Motorola under
Many imitators will follow . . . the Storm, the Pre
And in ranking order they'll go: number two and number three.
For the iPhone is number one - hence our standing in line
Others better catch up soon - it's Software 3.0 time.
- A Nerd