Of course rumors just do not talk about a larger memory alone, they say it would be about a faster processor, more RAM, improved battery life, OLED screen and a rubber backing. Sounds good, right? Wait to see what follows!
It seems that because of the emergence of 32 GB iPhone, the old version, the 8 Gb, could cost only 9.99$! Good news for those who want one but do not want to throw too much money for it.
Other rumors say that there will be two versions: the 32 Gb iPhone mentioned earlier and a low-end version which will go towards third world countries like India and China. Of course that cheaper does not mean that it's bad or will not have 3G, still may not have WiFi, what I think is very pathetic! I think most would prefer a phone that have WiFi than one 3G.

Let's see how expensive will be and how well sold. But given that will have 32 Gb and will be the top technology iPhone, the price will certainly be big enough so, considering the competition offering lower prices and performing similar or even better, may not become the most sold product on the market, but let's not forget the iPhone "fans" who will buy for sure and that probably will make the biggest sales.
Also, nobody knows yet how it will look so the image is just one of the possibilities.
In the meantime, until the rumors about the 32 Gb iPhone will be dispelled or confirmed we can only wait and see what will happen!