3G iPhone launch seen in 2nd quarter 08

From Yahoo! News (link) we hear that Apple is expected to launch a high-speed wireless version of iPhone in the second quarter and produce as many as 8 million of the devices in the third quarter, according to Bank of America.
"Our latest channel checks point to a significant production build of a 3G iPhone beginning in the month of June after an initial small build in May," said Bank of America analyst Scott Craig.
As usual, no word from Apple.