Apple iPhone 5 Coming Oct 4

Finally... Apple has set a date to release the iPhone 5 (my wife needs one, not me).

Well, at least that is what "a source close to the situation" says.

According to the "source close to the situation" (I've heard of him/her before) Apple is unveil its new iPhone on October 4.

AllThingsD (the D stands for digital) reports that the "source close to the situation" claims that Apple is planning a big, big, big event for October 4. And the word is, (from, who else, "the sourse close to the situation") it not a birthday party for Steve Jobs.

And according to "the source", who by the way is close to the situation, Steve Job's replacement CEO Tim Cook will host the big, big, big event on October 4.

But the big question is, should you upgrade if you've own a properly functioning iPhone 3S or 4... the "source close to the situation" says yes! and here is why.

First, the new iPhone 5 will be driven by Apple's super fast A5 Chip which currently powers the iPad 2. Trust me, I've got one (well, my wife does) and this Chip blazes. Apple's new phone also boasts an 8 megapixel camera that produces high quality pictures and videos...And, our friend, the "source close to the situation" says the iPhone 5 is sleeker and more attractive than previous models.

BTW, if you happened to visit an Apple Store on October 4 and bump into "the source close to the situation" tell him/her I said, hi.