A new report out of China repeats earlier rumors that said that the upcoming iPhone 7 will be waterproof and dustproof.
The report also claims the next generation Apple smartphone will feature a touch sensitive button and not a physical button as found in the current iPhone, enabling the front surface to be completely flush. There are also rumors that backside will get rid of the protruding camera lens as on the iPhone 6 and 6s Plus.
Chances these rumors are true (IMHO): 50%. I think the waterproof/dustproof rumor is on target, as it the speculation about the elimination of the protruding camera lens. However, I’m pretty certain that the physical Home button will remain intact — as least for one more iPhone generation.