The new iPhone has as you’d expect, a whole host of new features. Here’s a summary of all the specs I’ve gleaned from the live blogs:

• 720p 30fps Video
• 5MP Camera
• Backside Illuminated Sensor
• Gyroscope
• Accelerometer
• Compass
• Proximity Sensor
• Quad-band HSDPA/HSUPA 7.2Mbps down, 4.8Mbps up
• Battery – 40% more talk time, 6 hours of 3G browsing, 10 hours of Wi-Fi browsing, 10 hours of video, 40 hours of music, 300 hours of standby
• microSIM
• 3.5 inch IPS display
• 960 x 640 pixel “Retina Display”
• 326 dpi
• 800:1 contrast ratio
• 24% thinner than the 3GS
• iOS 4 (new name for iPhone OS)
• Picture in Picture Video Conferencing (FaceTime)
• Black or White
• $199 16GB, $299 32GB
• On sale June 24th (July / August for some other parts of the world)

3GS and 3G users will be able to upgrade to iOS 4 on the 21st of June.