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Daring Fireball has just revealed what they’ve learned about the specifications of the upcoming iPhone 4. Here’s what they’re saying: An almost iPad-level 940 x 640 resolution display, an iPad-esque A4 CPU and a front facing camera. And, multitasking in iPhone OS 4.

Here’s why we should care about these rumors. Daring Fireball has dumped these types of specs in the past, with a decent amount of correctness. But more than that, the front-facing camera and multitasking are two things people have been asking for for years, and the enhanced display leapfrogs recent competitors like the Nexus One.