According to the latest rumors, the new iPhone 5 will only be available in September, based on the info from several component manufacturers and people with Apple's supply chain knowledge.
The new iPhone 5 is expected to have no new revolutionary feature: one can expect a faster dual-core processor (most likely the A5 found in the iPad 2), an higher resolution camera (8Mp) capable of recording 1080p video, maybe a slightly larger LCD, and an NFC chip.
Things that won't really make it "stand out" from devices already available in the market.
That's probably why Apple has decided to delay it a bit, while it finishes the new big iOS revamp that should come at the same time: the iOS 5.
Although the iOS has learned a few tricks over the years (multitasking, folders, etc), the fact remains that it's starting to look a bit dated and in dire need for a complete overhaul.
Besides that, users are also requesting a much needed "iTunes in the cloud" solution, that allows them to keep their data "off-device" but easily accessible at any given time.
I'm counting on Apple to make good on that, and the iPhone 5 launch in September would be the perfect opportunity to do it.
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