I am currently stuck with an old, beat up LG Rumor. My contract expires next Christmas and I am torn between buying the new iPhone 4, or waiting out the contract and saving hundreds of dollars. My question is; if I were to choose option number two, would a new iPhone be out (iPhone 5 if you will), or at least be in the works? I wouldn't want to buy the iPhone 4 just as the next iPhone appears... I apologize in advance if this thread is unnecessary (I am a new member and I don't really know what to expect).