iPhone 5, Apple’s next generation iphone is already facing a lot of competition from the bunch of Android powered smartphones.

Apple’s silence about the release date has led to increasing rumors about the arriving time of the monster and the baggage that it will carry along.

Will the device prove to be worth the wait and will it nudge away its growing competitors?

iPhone 5 is expected to come with the following features:

• A5 processor in the range of 1.2-1.5 GHz
• 4G network connectivity
• Aluminum metal backing of the original iPhone instead of the current glass surface back piece
• Powered with iOS 5, which will come along with News Stand, Reminders, Delta Updates and iMessage
• More RAM, possibly 1GB
• Bigger-edge-to-edge 3.7- to 4-inch curved glass screen
• 3-4 internal antennas for both GSM and CDMA networks
• 8MP camera with 1080p video playback and a dual-LED flash
• Near Field Communication technology
• Better talktime and standy time

Among all the Android smartphones, the ones that look the best to be called 'iPhone killer' are Samsung Hercules, Google Nexus 4G and Motorola Droid Bionic. According to Apple, iOS 5 boasts of 200 new features.

Samsung’s new device, Hercules 4G which is priced at $350, sports a bunch of powerful features to impact the rest of the crowded smartphone market. It runs on dual-core 1.2GHz Qualcomm Snapdragon

APQ8060 processor with an Android 2.3 operating system. It will also sport a 42Mbps HSDPA radio, 16GB internal flash storage, microSD card slot, Android 2.3 OS (Gingerbread), 4.5-inch (800x480 pixel resolution) Super AMOLED Plus display, 8-megapixel camera with 1080p video capture with dual LED flash support.

It is also rumored to have SMS threaded view, MMS, Email, Push Mail, IM, HTML browser, games, Java via third party application, digital compass, A-GPS support , SNS integration , Google Search, Maps, Gmail, YouTube, Google Talk, Adobe Flash 10.1 support, voice-memo-dial-commands and predictive text input.

The NFC support in it will allow it to stand alongside Google Nexus S, Google Nexus S 4G, Samsung Galaxy S2, Samsung Wave 578,BlackBerry Bold 9900/9930 and Nokia N9 as all of them have NFC support. There are many other phones outside which also support NFC.

Google Nexus 4G is the other beast which is expected to rival iPhone 5 with a potential 1.2GHz or 1.5GHz Krait-based Snapdragon processor. Powered by Android OS 4.0 or IceCream Sandwich, the device

sports a rear-facing 5-megapixel camera (with advanced sensor delivering superior low-light performance) and a front-facing 1-megapixel camera for video chat, edge-to-edge monster-sized 4.5- to 5-inch screen, NFC technology and slim form factor.
It is also expected to features expanding and resizing widgets and apps, facial detection with the camera and will allow Android devices to be used as USB hosts to allow gamers to plug in external hardware devices such as an Xbox controller. It will additionally feature voice-guided GPS feature and Adobe Flash 10.1 support.

Nexus 4G is expected to be released just after Apple releases the iPhone 5 in September at the iPod refresh event.

Motorola’s Droid Bionic is a 4G LTE phone which sports a 1GHz NVIDIA Tegra 2 AP20H dual-core processor, large 4.3-inch touch screen, 8-megapixel camera with HD video capture, and video calling via front-facing camera.
It comes along with a 512 MB RAM, 2 GB ROM, 16 GB storage, Bluetooth version 2.1 with A2DP and EDR, 8-megapixel camera with 720p video capture and VGA camera, Android OS version 2.2 (Froyo) most probably upgradable to Gingerbread version, dual-core 1GHz ARM Cortex-A9 ULP GeForce GPU Tegra 2 chipset processor, Li-Po 1930 mAh battery and Wi-Fi 802.11 b/g/n support with DLNA and Wi-Fi hotspot.