In what would truly be a direct and devastating assault on Palm and it’s upcoming Pre handset, Gear Live is reporting the new iPhone Video may launch as soon as this coming Monday following a WWDC announcement. Though this is hardly confirmed for the time being, Gear Live has proven reliable on several occasions in the past. According to the site, the iPhone Video will be available in three sizes — 8GB, 16GB and 32GB — with most of the rumored goodies we’ve been hearing about lately. The iPhone Video will initially be available in limited supply from Apple locations while a second, smaller model will be released at a later point in time. The smaller 4GB model will reportedly not be sold in Apple Stores. Again, a Monday release is just hearsay for the time being but with all of the heat Palm has attracted with the Pre, we wouldn’t be surprised if Apple fast-tracked the launch in an attempt to deal Palm and Sprint a swift death blow right out of the gate.