If you’re like me and are slowly becoming tired of all these false-start reports of the Motorola iTunes phone release, then skip this article. If on the other hand you actually care and really think that iLounge has the true 411 on this fast becoming vaporware product, then you can read their little post

on how it might finally reveal itself at this years V Festival. Since V stands for Virgin, that will mean the phone will debut on Virgin Mobile’s network…in the UK. Hey, at least it’ll be appearing somewhere!

American Technology Research analyst Albert Lin says that the first iTunes-compatible Motorola phone will debut next month at the “V Festival” concert in the UK sponsored by Virgin Mobile. Lin says that Virgin Mobile UK will be one of the first carriers to offer the phone. The festival takes place August 20-21. The Sunday Telegraph reported this same news earlier this month. [Source]