With the Apple iPhone's release date (July 29) creeping closer and closer upon us, more details have been coming to light. Now the hype is bound to only become stronger with the release of the iPhone's specs. Steve Jobs and the rest of the guys at Apple better deliver on this product since a lot of people are expecting a lot from it.

Theories floating around the intarwebs regarding this product have been laid to rest with the release of its specs. It will have a sim tray for those who are worried about it. In addition, the battery life, while not that great is quite acceptable for a multimedia device. It's also going to be quad band and will have a storage capacity of either 4 GB or 8 GB.

• System requirements
• Mac or PC
• iTunes 7
• Internet access is required, and a broadband connection is recommended
• Mac: Mac with a USB 2.0 port, Mac OS X 10.4.8 or later
• PC: Windows PC with a USB 2.0 port and Windows XP Home or Professional (Service Pack 2)
• External Controls
• Volume Up / Down
• Ringer / Silent
• Power / Lock
• Sleep / Wake
• Menu Button
• Dimensions
• 4.5 x 2.4 x 0.46 inches / 115 x 61 x 11.6mm
• Weight 4.8 ounces / 135 grams
• Input Method - Multi-touch
• Operating System - OS X
• Screen size - 3.5 inches
• Screen resolution - 320 x 480 at 160 ppi
• Storage - 4GB or 8GB
• GSM - Quad-band (MHz: 850, 900, 1800, 1900)
• Wireless data
• Wi-Fi (802.11b/g) + EDGE + Bluetooth 2.0
• Camera - 2.0 megapixels
• Battery
• Lithium
• Up to 5 hours - Talk / Video / Browsing
• Up to 16 hours - Audio playback
• (Battery life varies by use)
• Connectors and other input & output
• 30 pin iPod connector
• 3.5mm jack includes audio and mic support
• SIM tray
• Built-in speaker
• Built-in microphone

Given that, the only thing we need to wait for is the price. We can't wait for its release to see if it really becomes the phone that most Apple fanatics want it to be. Be sure to check back here for more updates on the iPhone.