This from 9to5mac.com:
"Some tidbits inside the recently updated iTunes 7.5 show that the iPhone and iPod Touch will soon operate more like their older iPod bretheran in allowing direct disk access and manual media management. Also, a voice memo sync seems to exist in the code as well - though it has been in there since iTunes 7.3. "
Link--->http://www.9to5mac.com/voice-memo-recorder.app-24535467
"Some tidbits inside the recently updated iTunes 7.5 show that the iPhone and iPod Touch will soon operate more like their older iPod bretheran in allowing direct disk access and manual media management. Also, a voice memo sync seems to exist in the code as well - though it has been in there since iTunes 7.3. "
Link--->http://www.9to5mac.com/voice-memo-recorder.app-24535467