Can anyone tell me are my apps going to disappear when I update my iPhone to iOS 5 when it come out? Thanks for the help 

And I will have all my things that I bought in my apps? If yes that's GREAT
Skull One said:Actually the procedure is much easier than that.
It works as follows:
1) Connect to iTunes.
2) iTunes asks if you want to install iOS5.
3) If you accept it will do a full backup of your iPhone.
4) It will install iOS 5.
5) It will do an automatic restore of your Apps and Data with any modifications needed for storage of said apps and data.