The latest one from the rumor mill is that the iPhone 5 with a materially revamped user interface will come only in 2012, and Apple will launch only an iPhone 4S in the fall.

The latest rumor goes against the expectations that Apple would be launching iPhone 5 this fall and would link it to Sprint along with Verizon and AT&T.

Will see an iPhone 4S this fall, an iPad3, and an iPhone 5 with a materially revamped user interface and 4G early next year and also believe Apple will move more materially into the ‘connected TV’ space.

Analysts expect iPhone 4S to have more evolutionary than revolutionary changes and the device would feature a better camera and a different case.

Analysts expect that iPhone 4S would be low-cost, targeted at prepaid and emerging markets. But iPhone 4S is expected to run iOS 5, which will be necessary to run the new cloud-based services. This will maintain the unity of the Apple iOS code base, and likely increase low-cost iPhone shipments, but there could be greater cannibalization of higher-end iPhone’s as differentiation is lessened.

Based upon their checks and public comments by Verizon and others are in the camp that expects only an incremental iPhone upgrade (iPhone 4S) this September, which includes a dual-core processor and improved imaging. The analysts expect the iPhone 5 to arrive by next January, which will include 4G and can work on both Verizon and AT&T’s networks, thus allowing CDMA and GSM based subscriber’s equal access to the new iPhone.

One device that always manages to attract tremendous pre-release hype is the iPhone. Apple is due to release the next iteration this fall and rumors over its release date and features abound.Source