It will get OS updates (patches and bug fixes), but it probably won’t be able to run the next major release after iOS 7 (an upgrade, not an update). But your p

It will get OS updates (patches and bug fixes), but it probably won’t be able to run the next major release after iOS 7 (an upgrade, not an update). But your point is valid, and it’s why I wouldn’t recommend anyone to buy the current entry level iPhone (iPhone 4). I’m hoping Apple will change their strategy of discounting older iPhone models and create a separate entry level iPhone. That model should not compromise RAM and CPU so that it will be able to keep up with future OS releases, but it could compromise in other areas such as screen size, battery size, and choice of materials.