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Minutes after chasing down another next generation iPhone rumor, BGR hit us with this iPhone 5 bomb.

BGR claims to have confirmed that the new iPhone will not be an upgraded iPhone 4 as originally rumored, but that the next iPhone will feature a major case redesign. The details are slim, but a source revealed that Apple will break tradition by announcing the new device in August, followed by a late August launch.

BGR's tip seems to support a previous report that the iPhone 5 will feature a teardrop case design, and use the same dual-core A5 processor found in the iPad 2.

I don't know which is more annoying, all the iPhone 5 release date predictions, or all the conflicting reports about who will win the smartphone marketshare.

The latest next-generation iPhone rumor has the iPhone 5 being released the first week of September, prompting some tech blogs to crunch some Harold Camping type numbers and predict a Sept. 7 launch. According to the unverified reports, the iPhone 5 will come pre-loaded with Apple's latest operating system, the iOS 5, which was confirmed to be getting a fall release at this year's WWDC. Sept. 7 is also a Wednesday, the day Apple generally chooses to make its announcements. I guess that is another reason the date was chosen.

Some blogs are pointing to misinformation from the International Business Times, who appears to have started the rumor by plucking it out of thin air. Chris Smith noted that the IBTimes said iOS 5 will be released in July, but that's OS X Lion's launch date, not the iOS 5. And John Brownlee of Cult of Mac was left scratching his head over their claim that Apple is finding it “difficult to contend” with future Android devices.

An Apple patent application highlighted some new and interesting security features that could be utilized with the Find My iPhone service in the future. The application entitled “Proactive Security for Mobile Devices” lists several countermeasures to protect your phone and the information stored on it.

A lost or stolen mobile device can increase its own security level if incorrect passwords are entered, or if a user remotely activates the security features. Owners can choose to protect certain files instead of locking the entire phone, and sensitive data can be scrambled instead of wiped, then re-accessed after the phone is retrieved. Users can even utilize a surveillance mode where the device can record voices or its surroundings to help identify a thief or the device's location.

The next-generation iPhone hardware is reportedly in its "final testing stage," and looks to be on schedule for a fall launch, However, an Apple source told 9to5Mac that a deal has yet to be reached for 3G FaceTime over Verizon's network, and that the new iPhone may not have an 8-megapixel camera like we previously reported.

Currently FaceTime is limited over a WiFi connection, or jailbroken phones that trick the device into thinking it's using a WiFi network. Even though iOS 5 supports 3G FaceTime and over-the-air updates, Verizon is still working out kinks and may be delayed in delivering both.

Apple is now offering unlocked iPhone 4 models in the Apple Store. "Unlocked" means you can use AT&T or T-Mobile's network in the US without having to sign a two--year contract with either carrier. Unlocked doesn't mean "jailbroken," you still have to buy apps and receive software updates through Apple via iTunes. Another catch is that the unlocked iPhone doesn't support T-Mobile 3G download speeds and won’t operate on Verizon or Sprint at all.

To be clear, the iPhone will "work" on the T-Mobile network, meaning it can be used. However, you'll be stuck on the slower EDGE network, which most individuals will find practically unbearable. When given the option of a brand-new Android smartphone on T-Mobile's 3G and 4G network, you'd be hard pressed to find a compelling reason to use an unlocked iPhone on EDGE, regardless of how much we all love the iPhone.