Let’s start with the design. Recent reports are stating that the design we see come iPhone 5 Release datewill be similar to that of previous iPhones. Many rumors have recently been surfacing of a tear dropped shape to the design as well as a possible bending frame for gaming purposes. During Steve jobs time at Apple while designing the iPhone 5, the design was said to be the same as previous iPhones however there was a 4 inch screen display. What we should see on the iPhone 5 release date is possibly a slightly bigger iPhone in order to replace the previous screen with a larger one.
As far as the actual iPhone 5 release date itself iLounge is stating Summer 2012 is probably when we will see it or at least hear an official announcement. With the iPhone 5 still being engineered and in the designing phase it could be longer but it seems Apple should try and target a summer release once the 4S sales begin to settle
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