If this rumor article from Ars Technica ends up really being legit, this seems like something that will finally change the phone industry forever. Not like the iPhone hasn’t already done that.

A phone-sized phone seems to make sense in ways the regular old iphone couldn’t. I could never carry around a device as big as the iphone…I put my phone in the pocket of my jeans (on the days I remember to bring it…). I wouldn’t want something as big as an old school palm pilot cramping my style in my front pocket and I’m not a strap-a-leather-harness-to-my-belt-kinda-guy… But, I would carry a slimmer “iPhone Nano.”

If this makes it to the marketplace this summer, it could sway guys like me to actually forking over the cash for a monthly data plan and ditching the home phone…