No further information is provided, but there is a clear implication that the iPhone is coming this Monday (December 18th).
Brian Lam is a an editor for Gizmodo and former assistant editor for Wired magazine. While such a short unqualified blurb would not usually get much credence, Gizmodo is a relatively well established gadget blog.
Despite this apparent confidence in this report, Gizmodo has no prior record of accurate rumors. Indeed, also working against Gizmodo is a previous teaser post also made by Brian Lam that implied that they had a scoop on an upcoming Apple product. This prompted speculation and subsequent disappointment with the announcement was about Tivo 3.0 and not an Apple product.
That's quite a statement to make considering all the hype surrounding this product. I would say that he must be feeling very confident in order to maintain ANY credibility. Especially with all the whoring for the Webbies he has been doing lately. I'd say he must be onto something with this statement.
Ok, no chance this is real. This is another of Jobs' pet projects, and he's gonna let it loose with no fanfare? He wouldn't pass up the chance to say "It's stunning" or "It's the best product we've ever designed" or "Boom". If there was an event, invitations would have been sent this week. Fake...