WoW on iPhone?

iPhone World is reporting on an anonymous tip from a "reliable source" that Apple's forthcoming iPhone will run WoW:

• The Source said, "watch out for the iPhone and their new video iPod when it comes to gaming. Imagine playing WOW on them using the touch screen interface. Think of the impact its going to have on the handheld game market and Apple's revenue."

• He/she said He/she was told that WOW on the iPhone worked with both WiFi and EDGE (without simultaneous phone use) and full multi-tasking with 3G in the future. New iPod will utilize WiFi.

My instincts say "no" on this one. I don't know much about the iPhone's ARM11 processor, but I'd be surprised if even the most powerful of phone CPUs could render a game like WoW playably. And even if it could, would you really want to play on a screen that size? Heck, I had enough trouble on my old laptop's 12". Furthermore, I believe Blizz have said that they think a keyboard and mouse are essential for playing WoW, when giving reasons for not porting the game to consoles. But enough baseless speculation. Does anybody know about that ARM11 CPU? Let me know in the comments if this is impossible or merely unlikely.

P.S. The above image isn't evidence of WoW on iPhone, it's just a quick Photoshop.