Yesterday at the Motonow event Motorola showed off the ROKR family. Some people thought this was the iTunes phone but it isn't. Although Motorola promised the audience that the iTunes phone will ship later this quarter, but they refused the disclose specific details.
The ROKR cell phone family will have removable memory, an integrated MP3 player function, stereo speakers and accessories and a desktop client. I guess more information regarding this mysterious phone will become available over the next few weeks/months.