iPhone 5 With bigger display?

There are rumors going around that speculate we will see the new iPhone 5 in june 2011 at the world wide developer conference. The release is set for september later this year. It is said that the unit is going to have a similar design as the iPhone 4.

The updates this time is said to be a better 8MP camera, A5 CPU (the same used in iPad 2), better antenna design and a bigger 3.7 - Inch display.

Is this the new phone?

Here you have an alleged picture of the new phone. You can see that the screen is wider compared to the iPhone 4.

Source: micgadget.com