Word on the virtual street is that Apple is clearing the way for a new 3G iPhone starting in June. Apparently all three New York Apple stores have sold out of the current iPhone.

Digg founder Kevin Rose has claimed that "it will ship in June w/3G and GPS." The new phone is also rumored to have two cameras, one for photo and the other for video chat (does this mean video recording too?)

The rumors have yet to be confirmed by Apple, but does anyone really doubt the next generation of iPhones is right around the corner?