An iPhone first: Interestingly enough, the storage capacity is not etched on the outer case of the iPhone 4.

We'd expect our 32 GB iPhone 4 to fulfill its promise and give us, well, 32 GB. Unfortunately it has an actual capacity of 29.06 GB.

Given the fact that 301 MB of "other" data is being stored in memory, this leaves the user with 28.77 GB of free space.

In terms of OS, the iPhone 4 comes preinstalled with the newly released iOS 4, build 8A293.

The iPhone 4 is Model A1332. Interestingly, that's a lower number than the A1337 iPad 3G.