June 23, 2011 11:37 PM EDT
Theories abound as to what Apple is packing into its next generation smartphone and more importantly, when will it come out.
Some of these theories make sense, but some are completely off the wall.
Couple that with the viral-nature of the Internet, and a complete overload of Apple related coverage globally, it's hard to get a proper grounding on what consumers of what's fact and what's fiction.
If you get a kick musing over every speculative tidbit that arises about what's next, this article isn't for you.
But if you want to get the most accurate information outside of Cupertino, IBT has gone wallowed though the disinformation to bring you the most accurate glimpse of what we can reasonably expect in the latest and greatest iPhone 5.
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Brand New Operating System: iOS 5
This is a safe bet since it was announced.
Apple's VP of Software Scott Forstall took the stage at Apple's World Wide Develop Conference in San Francisco to rattle off the litany of usher in the long awaited features.
The VP said that there were over 200 new features coming to the iPhone and iPad, and took time to demonstrate 10 key ones.
Perhaps the biggest, and least expected announcement was that the new iOS no longer needs to be connected to a PC for startup the first time or to receive updates. That all happens "over the air."
"We are living in a post PC world," Forstall says. "Especially with the iPad, we are ushering in a post PC world. We know we are selling to a lot of households that just don't have computers."
"Now, if you want to cut the cord, you can," he says.
The latest iteration of the iOS will allow iPhone and iPad users to start setting up the device right out of the box, whereas before the device first needed to be connected to a PC.
The exec also introduced a new "notifications" feature that makes it easier to see what's happened on the phone in one place.
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