"Despite a torrent of speculation recently that has claimed Apple will announce two new iPhones this October, a research note from Wedge Partners analyst Brian Blair says otherwise. That fancy new iPhone 5 youve been dreaming about? That wont be coming, according to Blair only the iPhone 4S will. Blair agrees with a number of other analysts who have seen no signs of a redesigned iPhone in Apples supply chain. He says that while there will be some improvements to the device such as the introduction of Apples dual-core A5 processor, and an 8-megapixel camera it will look identical to the iPhone 4. Blair writes: We expect the focus of the new iPhone will be iOS 5, a speedier A5 processor and a higher resolution 8 MP camera with a small possibility of a larger 4 inch screen. We believe the casing will be largely similar to the iPhone with some particular modifications to the antennae [sic]. We dont expect a second, dramatically different iPhone to accompany this as we dont think Apple needs to have 3 models in the market to address the high end, mid-tier and low end since the iPhone 4 (with memory lowered to 8 GB) will drop to $99 and effectively attack those markets." I REALLY REALLY hope this is not the case.. I held out on getting the 4 and stuck with my 3GS hoping to get the 5. My contract is now over and I don't want to simply upgrade to a slightly better version of the iPhone 4 that's been out on the market for about 15 months. Hopefully they reveal a new design iPhone in the coming media event.