It looks a lot like the iPhone 4, but Tim Cook promised the latest Apple iPhone is "all new inside." The Apple CEO unveiled the iPhone 4S (not the iPhone 5) in Cupertino on Tuesday. The new iPhone features a dual-core A5 processor, 8-megapixel camera, and GSM and CDMA radios.

The iPhone 4S offers 8-hours of talk time (3G), and six hours of web browsing time (3G). It also features image stabilization, facial recognition, 1080p video recording capabilities and the new Siri voice control feature.

The iPhone 4S will be available in the US from AT&T, Verizon and Sprint on October 14th. Pre-orders begin this Friday, October 7th. The 16GB model will cost you $199, the 32GB version is $299 and 64GB version will retail for $399.

Apple just announced at today's Apple "Let's Talk iPhone" event that iOS 5 will be a free update available to all users come October 12th. iPhone and iPad owners have been long awaiting the release of iOS 5 since its announcement earlier this year. The iOS has been through multiple beta releases with Apple's iOS developer community and is now ready for release.

Apple has basically been reviewing iOS 5 features and has yet to make an announcement regarding what version of a new iPhone will be released. Rumors from earlier this morning suggest that Apple will not be releasing an iPhone 5 today, but will instead be releasing only the iPhone 4S.

Rumors of a Sprint iPhone have been flying around lately, but now the Wall Street Journal reports that the company has literally bet its future on the device. Apple's terms require Sprint to purchase at least 30.5 million iPhones over the next four years at a cost of $20 billion. The company has been struggling for years and its stock has lost 80 percent of its value since the first iPhone was sold.

Sprint will be losing money on the proposition until at least 2014. The wireless carrier doesn't have much to lose considering it has been losing subscribers since its 2005 merger with Nextel. Sprint has half of the subscribers that Verizon and AT&T have and roughly 40 percent of these customers are pay-as-you-go.

There's a reason you've never heard of the iPhone 5GS. The only place it exists is within a malicious email being sent to PC users around the globe. This message purports to announce the next Apple iPhone but is merely a vehicle to spread the Mal/Zapchas-A trojan. Luckily for Mac owners the scam message only targets Windows users at this time.

Security group Sophos has identified the infected email and makes the point that whenever there's a buzz surrounding an Apple media event, someone crafts a nefarious email to circulate to the masses. This particular message looks pretty fake as seen in the photo above. Not only does it show two different phone models, but the text and grammar aren't quite right.

Tim Cook is ready to host Apple's big iPhone event tomorrow at 10am PT, 1pm ET, but will the redesigned iPhone 5 and Steve Jobs be making an appearance? Word is Jobs is too sick to attend, and recent evidence points to the iPhone 4S being Apple's next device, not the rumored iPhone 5 with "teardrop" design.

Both the iPhone 4S and iPhone 5 have been popping up in random carrier and store inventories. A 16GB Sprint Apple iPhone showed up in a questionable Radio Shack leak, and the German carrier Vodafone added an 8GB iPhone 4 and three iPhone 4S models (16GB / 32GB / 64GB) to their website.