Considering that Samsung sees the Note series as being the new flagship series (sorry S3, sorry Nexus) its easy to come up with specs that will blow everything out of the water and keep it as a flagship device.
(granted flagship is a term overused since most manufacturers come out with devices every few months and each one is labeled flagship)
My predictions are...
The 13mp camera that was suppose to be in the Note II will be in the Note III
Unbreakable glass (which is rumored to be in the S4)
2.0GHz Exynos 5450 quad-core (Cortex A15) processor (although I would love to see the 8-core big.LITTLE ARM, but thats for Note 4.)
1024x980 ClorOLED 358ppi density wiacom display
32GB internal memory minimum
SD Card storage up to 128GB
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Click below for image/list of devices...
Sony NSZ-GS8 Google TV Internet Player
Sony VAIO Flip 13a
Samsung ATIV SPC Pro 500T
Lenovo Thinkpad Tablet (Android Version)
Notion Ink Adam