Video is coming iPhone but not third generation?

Apple has just posted a job ad recruiting low level programmer for iPhone familiar with the ARMv7 family. According to MacRumors, this means faster CPU (currently it’s ARMv6) and bringing video related functions to iPhone. But this is late May already. These functions are less likely to make it to the July release this year. Will this be a software upgarde later, meaning iPhone third generation is already using this ARMv7 CPU or it’s targeting for the fourth generation iPhone in 2010?!

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