Once more, Apple fanboys are out in force as the world awaits news of what could be the third generation of the Apple iPhone. The rumours come in advance of the Apple WWDC conference in San Francisco, during which Apple is expected to announce a newly-updated iPhone for the salivating masses.

The third generation iPhone is expected to have a compass, a 600MHz processor, “improved” camera to a still-puny 3.2 megapixels adn 32GB of storage – in other words, not exactly a quantum leap, and certainly not what you’d expect from a “next generation” device.

Still, all of this is just rumour at the moment, and these leaked pics haven’t even been confirmed as real, yet, so we’ll just have to wait until WWDC next week to see what exactly Apple has up its sleeve.

Until then, check out some more pictures of the third generation iPhone after the jump.

[Source: UMPCFever, via the iPhoneBlog]