In just a couple hours (10:00 AM Pacific, 1:00 PM Eastern) Apple Computer will be hosting their annual Worldwide Develops Conference in San Francisco. Apple’s Senior Vice President of Worldwide Product Marketing, Phil Schiller, will kick-off the event with a keynote where he is expected to talk about Mac OS X 10.6 Snow Leopard and the rumored new iPhone Video.

Many sources have provided speculative photos and information on what we can expect. Below is a summary.

Photos of the new iPhone?

This photo originally appeared on NoWhereElse.fr and although their authenticity is questionable, they are true to the rumored Matte finish and black bezel (replacing the sliver bezel of the original iPhone and iPhone 3G)

Macrumors.com has provided a good summary of what is expected in the new iPhone based on reports from various websites. The list includes:

- Magnetometer
- Auto Focus Camera
- Video (and possibly video editing software)
- 4GB to 32GB capacity
- 7.2 Mbps 3G from AT&T

Other possibilities include better battery life, a faster processor and an FM transmitter.

You can follow the keynote address live at various sites including: Macrumors, Engadget, and Gizmodo.