It has been reported that Apple’s iPhone 5 will ship already in September 2011.
Apparently, Pegatron Technology scored an order of 15 million iPhone 5 handsets from Apple and the time frame is in line with previous rumours and analysts' predictions.
Pegatron refused to comment but sources claim that the company is currently being supplied with components. Furthermore, Pegatron’s Shanghai plant has started hiring workers.
It is said that the iPhone 5 does not have any major upgrades over the current iPhone 4. That's not to say that you shouldn't expect a major price upgrade though.
More here.