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New iPhone 4 Features Video Calls, Multitasking, Front and Rear Cameras, HD Video Camera and iMovie Onboard!

Apple has released a promotional video of the new iPhone 4 (or iPhone IV, for those into Roman numerals), and it looks pretty incredible. The new iPhone 4.0 has front and rear facing cameras (with a built-in flash), takes HD video, and has iMovie onboard! But that’s not all! It also has true video calling And video chat – during which you can switch between the front and rear cameras – and multitasking switching between apps!