New iPhone to Hit Shelves on July 17th???

TUAW:

The previously unheralded Apple iPhone Apps blog has a rumor post up regarding the next generation iPhone hardware, suggesting that July 17th is the expected date for the new phone to be on shelves (reasonably well aligned with an announcement at WWDC). As 9to5Mac and Gadget Lab note, most of the covered ground is familiar -- better camera, storage bump, magnetometer & turn-by-turn, video recording -- but there are a few interesting tidbits, including the suggestion of an OLED screen, an illuminated backside logo (perhaps capable of doubling as a photo flash?), the integration of Google Street View with the compass for 'visual intelligence' as in the Android demo, and a built-in FM transmitter.

I'm not sure that an FM transmitter as an onboard capability is such a great idea, considering the percentage of car stereos nowadays that include either an iPod dock connector or an aux-in jack, but maybe it's plausible. Everything else seems to pass the sniff test, although OLED and a lit back panel are an odd combination. If we do see the new device in mid-July, how many of you are checking your contract expirations right now to see if you can pick one up? Mmm-hmm, thought so.

Apple To Buy Twitter? [Rumors]

The latest Apple rumor involves Twitter. According to TUAW, Apple is considering buying Twitter for $700 Million. All in all, there is no reason for Apple to buy Twitter. It does nothing for them financially and won't bring in customers. Google's attempt to buy Twitter recently was turned down and there doesn't seem to be a good enough reason for Twitter to accept this offer much less for Apple to even try to make the acquisition. Still, a relatively reliable source has told TUAW,

"Apple is in late-stage negotiations to buy Twitter and is hoping to announce it at WWDC in June."