The iPhone 5 is also expected to have an 8 megapixel camera and the same A5 processor as the iPad 2. But at this early point in the game, pretty much everything is a rumor.
But with every generation of iPhone products, there has been a special appeal that makes the new version a must-have. You can count on Steve Jobs to deliver a fifth generation blockbuster. What will that feature be?
Are you excited about the iPhone 5?
The release date is estimated to be around this Fall 2011.
Update 4/20: Looks like a September release date is expected.