Seems that several sites are reporting the possibility of an iPhone Nano coming in Q4 2007 as a cheaper, less feature filled alternative to the recently launched iPhone. The reports stem from an analyst report made by Kevin Change of JP Morgan. The report states the iPhone Nano could launch at or below $300 and could potentially move 30-40 million units. Numbers like that would create a much larger stir and shifting of power in the mobile industry. Head on over to MSNBC to read more.