iPhone nano -- with no storage?

Cult of Mac is following up on the iPhone nano rumors from Bloomberg and Wall Street Journal saying Apple will make the low price points by getting rid of all onboard storage. No NAND Flash storage, no big price tag. Apple would get around this by streaming everything from an iTunes.com/MobileMe cloud just like Apple TV 2 does today.

However, Apple TV 2 still has NAND Flash storage to hold the OS and apps and cache the content. Sure streaming media could make up for lower storage levels but no storage? What about apps? Would Apple let me stream Infinity Blade from the cloud? Would I even want to?

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It sounds far fetched. However, an 8GB iPhone nano using components from the huge iPhone 3G/iPhone 3GS production runs of the last few years, augmented by cloud storage could be super cheap and super sweet.

What do you think?

[Cult of Mac]

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