IPhone 2 & possibly iPhone 3?

I's seen a few post around the forums about speculations around the launch of an 2nd iPhone and even iPhone 3rd Generation (which I think is a bit far fetched).
Does anyone think that Apple are starting to launch or update products very rapidly? like the iPod Nano 2nd Generation only lasted 1 year? roughly. I bought my MacBook Pro intel Core Duo not too long after the launch of the intel Mac's, and was disheartened to find out that there was a Core 2 Duo not too long after I got mine! and also prices dropped considerably and I could have got the 17" for the price I Paid with Core 2 Duo also. I'm not complaining, but it looks like Apple are launching so many products and new versions to overtake the likes of Windows based Laptops/PC's or Sony/Zen MP3 players.
Suppose it's the way things are going, you need to update technology to stay ahead in the game, and also I think Apple are at a crucial period where they could and can bring the majority of the public to use their products as opposed to Windows based PC's or any other product.
So back to the question, I don't think they could be possibly be launching a new designed iPhone because of the 'still' possibilities that can be achieved in the current one. No? how could they improve it considering updates may fix 90% of the current problems?

Hi dherron!
Technology will always be improving and in the process will make "better" products cheaper or equal to their predecessors. That's inevitable of how technology, especially in the CPU market has always worked and will continue to work.
When you look at a product offering lineup like Apple's it's fairly finite. They have 2 portable lines (6 offerings) and 3 desktop lines (7 offerings). They also only market one generation at a time, so there's never any confusion when buying the product off the Apple Store (online) or in the Apple Store (retail). It is the latest and greatest, from Apple, and of course that might all change the next day.
I have no doubt that Apple will continue to redefine the cell phone market with their iPhone, they already have it's a 1st generation product.
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