Has anyone heard about a news release today for the iPhone 5???
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It 's won't be called the iPhone 5 either. It will most likely be called iPhone 6 to go along with the release of iOS 6 later this year (the 4S was the 5th iPhone). Either that or they will call it the "new iPhone".
There was a iPhone 3G not a iPhone 3, and it was the second iPhone, the 3GS was the third. So the next iPhone will be the 6th version, so following Apple's history of naming devices it will be a iPhone 6, although now it will more than likely be called new iPhone. It will not be called a iPhone 5.