Cult of Mac has learned that a Walmart store in Edmond, Oklahoma has reduced the prices of the iPhone 4 and 4S AT&T models. The 8GB iPhone 4 on AT&T is now $34, and the white and black 16GB iPhone 4S on AT&T is now being offered for $114. The new prices only apply to AT&T upgrades and new activations. AT&T has not confirmed if this is a carrier sale or a Walmart only promotion. It's also unclear if all Walmart stores are participating. However, you may want to visit your local Walmart to see if these new prices are available in your area.

Corona developer pod2g tweeted a quick update about his iOS 5.1 jailbreaking progress. The iPhone developer wrote: "Heya! My iPhone 4 running iOS 5.1 is now untethered." In April, pod2g announced that he had acquired all the exploits required to complete a new jailbreak. This latest announcement is good news since it shows that he has made some progress since we last checked in with him.

iOS hackers have been busy working on a new exploit since the release of the iPad 3 in March. Dev Team member MuscleNerd and Chpwn both tweeted pictures of a jailbroken iPad 3 running Cydia 1.1.5 shortly after the tablet was released. However, Chpwn warned that a new jailbreak "could be months away from a public release."

PoP Video is now accepting pre-orders for their new pico projector accessory for the iPhone or iPod touch (3rd / 4th generation). The PoP Video peripheral transforms your iPhone or iPod into a photo / movie projector by connecting to your device via the 30-pin connector.

According to the official website, the PoP Video accessory features 960 x 540 video output, and a built-in Lithium-ion rechargeable battery with up to two hours of playtime. There is also an official app that allows you to customize settings amongst other things.

The not-so-friendly iPhone app Ugly Meter has climbed its way to the top of the app charts recently. It's unknown why the face rating app is so popular, but it's currently listed as the third best selling app after Angry Birds Space and Flick Home Run in the iTunes App Store.

The application scans a persons face before dishing out a 1 to 10 "ugly" rating along with nasty comments like: "Wow you're ugly, is your doctor a vet?". The Daily Mail tested the app's ugly rating ability by using celebrities like Cheryl Cole and Angelina Jolie. Cole scored a 4.2 while Jolie scored a 2.0 along with the positive comment: "You're so hot you make the sun jealous." However, David Cameron (7.0) scored slightly better than Brad Pitt (8.0).

iLounge's Jeremy Horwitz has learned new details about Apple's next generation iPhone. Horwitz claims that Apple is ditching the rumored “teardrop-shaped iPhone 5” for a longer and thinner glass-bodied design. According to Horwitz, the new iPhone will be made partially from Gorilla Glass 2, and feature a flat, not curved, metal panel on the rear of the phone.

The iPhone 5 (or iPhone 6) will be longer and thinner than the iPhone 4 and 4S measuring at 125mm by 58.5mm by 7.4mm - that's 10mm longer and 2mm thinner than the current models.

"The change in height will include a lengthening of the prior 3.5” screen to roughly 4” on the diagonal. As the new iPhone won’t widen, this appears to confirm that Apple will change the new iPhone’s aspect ratio for the first time since the original iPhone was introduced in 2007, adding additional pixels to the top and bottom of the screen. A change of this sort took place between the fourth and fifth generations of the iPod nano, but didn’t impact any third-party software."