Facts: 1. Sprint signed a massive exclusive deal for iPhone, but iPhone 4S does not sound like exclusive deal for Sprint. 2. T-Mobile execs said nothing "this year (2011)". 3. Case makers shipping iPhone 5 stuff 4. iPhone 3GS came out same time as iPhone 4 (EDIT: was 8GB version, 16 and 32 came out year earlier) 5. iPhone 4 is format almost 15 months old. 6. Now is start of Christmas season. Despite the similar exterior, the interior seems to have significant updates in multiple network support and highly advanced "switching antenna" design, plus the A5 CPU. It may be this is a careful development step to a far more flexible "world phone". Being the start of shopping season, it is too late to launch an iPhone 5 as well, and the iPhones will start to compete with themselves. I am predicting that Apple will use the first few weeks of iPhone 4S usage as a test of the new hardware designs and make adjustments to the final iP5 guts. With November the design freeze date (before Thanks giving so engineers can take extended holiday ), the final article boards are ordered into production, which will take some days to begin the process. December could see parts for iPhone 5 going down the line. January will be announcement of iPhone 5, which will go on sale in.. February, possibly with Sprint getting a heard start on the 5. T-Mobile will also get the 5 (and the 3GS goes out of production). Plausible?, or BUSTED!