This is by far the most sensible comment I've heard regarding whether we'll be getting a 4S only or a 4S and a redesigned 5: From BGR: "Why would Apple bump up only the processor specs of the iPhone 4 in addition to a newly designed iPhone 5 if the goal is to sell it into the pre-paid market at a lower cost?” Blair wondered in his note. “A 4S would simply cost more and a 4S itself wouldn’t create a mid-tier market unless it was priced at $99 and the iPhone 4 went to $49 with the new iPhone at $199. We see this scenario as unlikely.”" http://www.bgr.com/2011/09/21/wedge-apples-iphone-4s-will-be-only-new-model-to-launch-this-year/ I think we'll only be seeing a 4S this year, but what's interesting though is that the person making this claim says the 4S may actually have a redesigned 4 inch screen, which may explain those new cases we've been seeing. So is this semantics? 4S = 5 and 5 = 4S? Are they one and the same? A redesign that just isn't that major? I don't know. Honestly, this article is making more and more sense. We've been mislead into thinking that a 4S = minor internal upgrade in the body of an iP4, while a 5 = major upgrade & design overhaul. The names "4S" and "5" are just names rumor-sites invented and separated. Why can't it be both those features in the same thing? Meaning... one new iPhone this year: a slightly upgraded but also slightly redesigned phone (an answer to antennae-gate, perhaps)? And whatever they call it is whatever they call it.