What's The Buzz on iPhone5?

The iPhone 5 is heading toward production for a summer release, according to a report in "9 to 5 Mac".

The information comes from an anonymous source: the same Foxconn employee who last fall accurately disclosed that Apple (Nasdaq: AAPL) was planning a revamped iPhone 4, the 4S, rather than the iPhone 5.
The employee said a few versions of the new handset have already been considered, so it's difficult to know exactly what the design will look like.
The new phone will have a four-inch display, an increase from the three-and-a-half-inch screen that iPhones currently have.
The phone is also NOT expected to be teardrop shaped and will be longer and wider than the present model.
If Apple continues to follow it's production and shipping patterns, the company will need about a 5-month lead to complete manufacturing and get the phones in stores. Assuming the source is accurate and the finished product is gearing toward production, that would give the iPhone 5 a Summer launch.

"Recall if you will, the mild disappointment when the iPhone 4S was announced and there was no larger -- or smaller -- screen. With this upcoming iPhone, users will most likely come back anticipating a bigger screen and 4G LTE, as these features have become expectations, and not nice-to-haves, on smartphones.

Apple didn't respond to my requests for comment.