iPhone 5 Rumors Roundup Update: From Specs to Release Date and Everything Else in Between (PHOTOS)

Even though everybody have grown skeptical about iPhone 5 rumors, they still can't help but wonder what iPhone 5 will possibly feature and when will it released.

Start the slideshow to check out the rundown of the latest rumors on iPhone 5, possibly the most hyped product in the world.

Do you dream of making mobile payment transactions with your iPhone? If yes, your dream might be realized soon.

According to MacRumors, the Near Field Communication (NFC) technology will be packed in the upcoming iPhone 5.

More specifically, Mastercard might partner with Apple for iPhone 5's NFC payment system.

The tech giant has shown its interest in NFC for some time. As early as March 2011, Apple was considering packing the technology into future iPhone, according to the New York Times.

MastercCrd's Ed McLaughlin has spoken to Fast Company, hinting that iPhone 5 will be the lucky one to include the NFC payment system. However, he did not mention the name of Apple even once, since he said MasterCard’s partners had asked the company to not disclose their names.

"Um, there are...like I say, [I don't know of] any handset maker out there," McLaughlin says. "Now, when we have discussions with our partners, and they ask us not to disclose them, we don't." McLaughlin said.

Meanwhile, at least one developer told 9to5Mac that they heard Apple iOS engineers hint that the tech giant is leaning "heavy into NFC".

The carrier Verizon is working for shared date plans, according to Engadget, citing the recent employee training materials.

Verizon's CEO Lowell McAdam has also announced at the UBS Global Media and Communications Conference earlier that the shared data plans might be offered sometime this year. "I think in 2012 we will see it... Getting to one bill and getting to account-level pricing is our goal," Engadget quoted McAdam as saying.

Based on these clues, the Appera has suggested the iPhone might also avail of shared data plans.

An Apple patent suggests that the company might pack an airbag-like screen protection into the iPhone 5 lest the device drops disastrously, the iPhone 5 News Blog reported. In fact, the primary source is Patently Apple.

However, the rumor isn't new. "The small airbags are designed to inflate in a split second when the accelerometer senses a drop-like movement. The materials that are likely to be considered for the making of the shock mount would be polymer, foam, gel, silicone rubber, or other viscoelastic material," ITProPortal had reported.

WebProNews reported that about 75% of Americans use their phone in the toilet to talk, ext or simply surf the Web. So it's not hard to imagine some of them dropping their iPhone into the john accidentally.

However, help is at hand. According to Today’s iPhone, which cited a reliable source, the next generation iPhone will feature a waterproof technology.

The mobile device nano-coating system is made by Liquipel, a California-based company, which covers the phones inside and outside to make it water repellent, i.e., the phone will be able to withstand liquid- or moisture-related damage.

Click the video below to find out how Liquipel effectively can protect the iPhone from water damage.

Taiwan-base site DigiTimes reported the iPhone 5 will unveil at Apple's Worldwide Developer's Conference (WWDC), which is scheduled for June this year, citing Chinese-language Commercial Times.

Although the official date of the WWDC 2012 has not yet been announced, MacRumors has suggested that the conference might be held during June 10th-15th.

Coincidentally, the Moscone's event calendar has those corresponding dates booked, indicating there is a "Corporate Meeting" at that time.