Apple is eyeing a revamp of its MobileMe cloud offering this summer that will make it a much better music locker service. That’s according to the Wall Street Journal, whose journalist Yukari Iwatani Kane is well known as a source for semi-official Apple leaks. The revamped MobileMe would be free (it currently costs $99 a year), and would allow people to store and access music, photos and videos in the cloud, then access them from computers and iOS devices. The report intriguingly claims the new Mobile Me “also could become a focal point for a new online music service that Apple has been developing for more than a year” with social networking tied in. A June launch date is pencilled in, “depending on the progress of licensing talks that are in their preliminary stages”. We’re guessing the EMI/MP3tunes verdict may have an impact too. The same report claims Apple is working on a half-sized more affordable iPhone to compete with cheaper rival devices.