According to AllThingsD "sources close to the situation" are saying Apple will be holding its next event on October 4th where Tim Cook (the new CEO of Apple) will announce the iPhone 5. They are also reporting that it will be availible within a few weeks of the announcement. There have been many different reports as to when the iPhone 5 wll be announced and released so remember this is just another rumor.
If October 4th is the release date, Apple could change their mind anytime and set it to another date. Either way its important for Apple since Tim Cook should be doing his first big product announcement as Apple's new CEO.
Again, remember that these are all rumors and something will probably be posted tomorrow saying otherwise. But what are your thoughts on this rumor? Does October 4th sound like a good time to announce the iPhone 5? Will Tim Cook give the keynote? Will Steve Jobs make an appearance? Guess we will have to wait to find out.