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Leading microprocessor manufacturer ARM Holdings have unveiled their next generation of mobile processor.
The new Cortex A9 multi-core mobile processor is built on top of the popular ARM MPCore technology and  is said to provide unprecedented levels of peak performance.
This news is significant for the fact that Apple is a massive ARM licensee and this particular multi-core processor technology was rumored to be made available in the earlier generation of iPhone itself. The Cortex A9 processor has excellent power efficiency - applications would be processed at close to 2Ghz, consuming less than 0.25W of power per processor.
It is worth noting that most smartphones today, including the recently launched Google Nexus One make use of ARM Cortex A8 processor. This comes at a processing speed of 1GHz. With nearly double the processing speed at more efficient power consumption rates, expect a much faster iPhone 4G that could also come with a better battery life. Folks at The iPhone Blog have indicated that this could also make it to the Apple Tablet.

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