I predict the outcome will be:

1) a nominal payment from Apple to Nokia to cover past infringement
2) a license sharing agreement that lets the iPhone move forward as is, and lets Nokia utilize iPhone-isms for things like Multi-touch.

And, I'm pretty sure #2 is the hold-up in the negotiations, not #1. I bet Apple has a death-grip on preventing other manufacturers (esp. one as big as Nokia) from having a multi-touch experience that's comparable to the iPhone.