THE NEW iPhone 4 VIDEO: WITH FACE TIME HD RECORDING AND EDITING

iPhone Design Video

The new iPhone4 will sell for $199 in the 16GB version and $299 for the 2GBs.  The official release date is June 24, but you can reserve the new device by June 15.  Some of the new features are:

• Facetime: iPhone 4 has two cameras: One on the front, which focuses on you. And one on the back, which focuses on everything else. FaceTime lets you switch back and forth between them at any time during a video call. All you have to do is tap a button.
• HD Video Recording and Editing: Shoot your own movies in high definition. Capture impressive video even in low-light settings, thanks to the advanced backside illumination sensor and built-in LED light. Then edit and create your own mini-masterpiece right on iPhone 4 using the new iMovie app — with Apple-designed themes, titles, and transitions. It’s coming soon to the App Store for $4.99.
• Multitasking: iPhone 4 introduces a whole new way of multitasking. Now you can run your favorite third-party apps — and switch between them instantly — without slowing down the performance of the foreground app or draining the battery unnecessarily.¹ This smarter approach to multitasking is available only on iPhone.
• Retina Display: The Retina display on iPhone 4 is the sharpest, most vibrant, highest-resolution phone screen ever, with four times the pixel count of previous iPhone models. In fact, the pixel density is so high that the human eye is unable to distinguish individual pixels. Which makes text amazingly crisp and images stunningly sharp.
• 5-Megapixel Cemera with LED Flash: Take beautiful, detailed photos with the new 5-megapixel camera with built-in LED flash. The advanced backside illumination sensor captures great pictures even in low light. And the new front-facing camera makes it easy to take self-portraits.
• iMovie: Edit video, add themes and music, and share your movies. Coming soon to the App Store for just $4.99.
• iBook: Available as a free download, iBooks is an amazing ebook reader and a great place to buy books.
• Folders for Apps: Organize apps into folders for fast access to your favorites.

Photos from today's WWDC 2010 with Mr. Steve Jobs Presenting "Apple's Newest Baby"