Some have suggested that the iPhone's iconic Home button may get some capacitive functionality of its own. I may get some virtual egg on my non-virtual face, but I just do not see that happening.

Apple may well make another hardware announcement (or more), too--perhaps an updated iPod touch that matches many of the iPhone 5's new features could appear. And I expect a firm release date for iOS 5 to be announced as well--and perhaps Apple will dive deeper into iCloud's feature set, and announce a release date for the Lion-side of that feature, too. Anything else would be a bigger surprise than I can fathom at the moment.

Should you be excited about the iPhone 5? If you're eligible for an upgrade on your older iPhone--or you've been waiting to switch from something else to the iPhone--sure. Apple's not capable of introducing an iPhone that won't sell in the millions. And if history is a guide, the iPhone 4 will suddenly cost a lot less come October, and that'll mean you can get a very fine phone at a nice discount.