Apple is set to finally unveil its sixth generation iPhone, aka "iPhone 5," at a special media event in San Francisco Wednesday.

The Cupertino-based company has announced that the event is scheduled to be held at 10 a.m. Pacific Time (1 p.m. ET) at the Yerba Buena Center for Arts in San Francisco.

The latest round of rumors about the most anticipated features of the next generation iPhone has set the tech world on fire with Apple enthusiasts around the world going crazy about the new version of the company's flagship handset.

If rumors are to be believed, iPhone 5, or whatever Apple eventually decides to name it, will come with a larger 4-inch screen with the new in-cell touch technology. It will also likely feature a uni-body design and a new smaller 9-pin dock connector, replacing the existing 30-pin one.

Apple is also highly expected to introduce the next version of its mobile operating system, iOS 6, along with the new iPhone. As announced by the company before, iOS 6 would bring a lot of new exciting features, including the 3D mapping, native Facebook integration and many more, to the supporting hardware.

Earlier reports also suggested that iOS 6 would be pre-installed on iPhone 5 and would be completely scalable to a larger 640 x 1136 display.

Other much talked-about iPhone 5 features include a much-improved processor, 4G LTE technology, Near Field Communication (NFC), 1GB RAM, liquidmetal casing, a much-improved battery life, an 8 megapixel (or even higher) rear camera and a 2 megapixel front-facing camera for video chatting.

iPhone 5 is Here!

In 2010, Apple streamed the iPod music event in September and the "Back to the Mac" event a month later using its HTTP Live Streaming technology that requires a Mac or iOS device running Safari.

However, the company didn't provide any live stream for the iPad 2 launch, iOS 5 preview, iPhone 4S launch last year and the new iPad launch in March. Although it seems that there won't be a public live stream of the next iPhone event, we've spotted a USTREAM page saying that it will be offering live coverage of Apple's Sept. 12 event.

Click here for the USTREAM page (we can't assure that this will actually work).

Apple is expected to make streaming and downloadable versions of the event available a few hours after the keynote. You can find Apple Keynotes here or on iTunes.

Here are some links to the websites where you can get the complete coverage of the Apple event. These sites will be live blogging the iPhone 5 media event.

1. Gizmodo iPhone 5 Live Blog: As the event progresses, Gizmodo will cover it all live throughout the day here.

2. SlashGear Live: SlashGear will be live blogging the Apple press event here. The site will also post instant photos from the event in its live portal.

3. The Verge Live Blog: The Verge will be live blogging Apple's announcement of the next iPhone here.

4. Engadget Live Blog: You can get live updates of the Apple iPhone 5 event in the live blog page provided by Engadget.

5. TechnoBuffalo iPhone 5 Live Blog: You can also bookmark this site for live blog coverage of the Apple media event.

6. AnandTech: AnandTech will be live blogging Apple's announcement of the next iPhone here.

7. iMore Live: iMore will be live blogging Apple's announcement of the next iPhone here.

8. PC Advisor Live Blog: PC Advisor will get you live news from Apple's media event.

9. PCMag: You can join PCMag's live blog page here.

10. Time Techland: Time Techland will be live blogging the Apple press event here.

11. Macworld Live: Macworld will be offering live coverage of the Apple iPhone 5 announcement here.

Apple iPhone 5 Event Sept. 12 Time Zones:

07:00AM - Hawaii

09:00AM - Alaska

10:00AM - Pacific

11:00AM - Mountain

12:00PM - Central

01:00PM - Eastern

02:00PM - São Paulo 

06:00PM - London

07:00PM - Paris

09:00PM - Moscow

02:00AM - Tokyo (September 13th)

03:00AM - Sydney (September 13th)

To get the exact time in your city, click here.