In a move that will certainly heat up two iPhone 5 rumors, Sprint has scheduled an event for media members on Oct. 7.

The strategy presentation as its being called by Sprint could corroborate two major league iPhone 5 rumors in one fell swoop.

1) The iPhone 5, as it has been widely reported by several media outlets (9To5Mac, TiPB) will be released to the world on Oct. 7.

2) The iPhone 5, as was reported by The Wall Street Journal last week, will be available on Sprint Nextel as well as AT&T and Verizon.

The Sprint strategy session will include senior management from the carrier giving presentations along with a Q&A session. The move could be simply an update on its 4G plans, but it could also be an iPhone 5-related event. Although, most of the time, when Apple introduces a new phone or a new partner, it is the Cupertino, Calif.-based company that does the event scheduling.

The This is my Next blog said they would be surprised if this was the event that announced the iPhone to Sprint. They make a compelling case for why Sprint is likely going to update its 4G plans, perhaps going from a WiMax to an LTE based network.

Meanwhile, in other iPhone 5 related news, according to Taiwanese news site Digitimes, the iPhone 5 will come with a screen size of 3.5-3.7 inches. This directly contradicts several popular rumors that said the phone will have a larger 4-inch screen, which would put it in the same category as many Android phones.

In addition to the smaller screen sized iPhone 5, DigiTimes also reported the phone will adopt a new, thinner bezel, which will make the phone seem bigger. Also, instead of the traditional rear glass design, Apple will go for a metal back, according to DigiTimes. In addition, the new phone will have a dual-core processor, 8-megapixel camera and meet those particular market expectations.

Apple, of course, hasn't even acknowledged the existence of a next generation phone. The company usually introduces its new product at its Worldwide Developer's Conference in June. However, this year it didn't do that and since then, speculation and rumors have floated endlessly.

Whenever the iPhone 5 does finally get introduced, it will be the first major product in the post Steve Jobs era of Apple. The long-time CEO stepped down last week saying he could no longer fulfill his duties as chief of the company. He will stay on as Chairman of the Board.