With Apple's special media event Let's talk iPhone at its headquarters in Cupertino, Calif. just hours away from kicking off, rumors are flying thick and fast about what we can expect to see in the technology giant's latest iteration of the world's singular most popular iPhone - iPhone 5.

Although there is no indication of a 5 in Apple's invitation, rumors are flying that Apple will certainly unveil an iPhone 5, while many Apple fans are hoping that the company will take the wraps off both iPhone 5 and a cheaper iPhone 4S.

What will Apple reveal today? iPhone 5? iPhone 4S? A bigger iPhone? A faster iPhone? A sleeker iPhone? Unfortunately Apple is pretty tight-lipped about the entire thing which has only led to whip up the excitement to a frenzy.

Start the slideshow to check out the top 10 features we'd like to see in Apple's newest baby.

iPhone iPod
According to 9to5Mac, the next generation iPhone, iPhone 4 or iPhone 5, is supposed to come in 16GB, 32GB and 64GB capacities. Apple may also put in a memory card slot for users. REUTERS
4G
The latest rumor said iPhone 5 would support HSPA+ speeds. REUTERS
iOS 5
The latest mobile operating system iOS 5, unveiled at 2011 WWDC, comes with over 200 new features, including an improved notifications system and iMessage, the Reminders app and Newsstand, an application resembling Folders and iBooks. REUTERS
Wireless Charging
Wireless Charging REUTERS
Sleek and Thinner Design iPhone 5
Sleek and Thinner Design iPhone 5 MACOKATARA
NFC
Mobile wallets used by all by 2016 Clint Demeritt
Camera
Camera REUTERS
A5 Processor
A5 Processor REUTERS
Apple iPhone Release Date Countdown Six Smartphones that Could Beat the Apple iPhone 5
As Apple's iPhone unveiling draws ever closer, despite the lack of any solid information regarding the device, analysts and the world's media have already begun to speculate which future smartphones could mount a significant challenge to Apple's next entry into its iconic iPhone series. Thisismynext
Apple Battery
iPhone Battery REUTERS
Iphone Iphone Iphone Features