Earlier today, a photo was sent to both MacRumors and 9to5Mac showing an instructional image included in the latest iPhoto 9.2 beta that includes an unusual looking iPhone-like device. The image has naturally led to speculation that it could represent the iPhone 5.
German site Appdated.de has also posted some actual screenshots showing the image in question.
Aside from the extremely low likelihood of anyone involved in iPhoto design work having details on the iPhone 5, the image in question certainly appears to merely be an artist's representation of a generic iOS device to accompany the text referring to iPhone, iPad, and iPod touch devices. Consequently, we have no reason to believe that this image represents anything related to the iPhone 5 and post it here solely for interest and discussion.
Article Link: Photo Stream Illustration Leads to iPhone 5 Speculation