As the official announcement of the iPhone 5 inevitably creeps closer there has also been a flurry of activity in the past 24 hours with more rumors, supposed leaks and speculation from a wide variety of sources. Most recently, Nick Bilton of the New York Times wrote that a “fairly different” iPhone 5 with 8 MP camera is just weeks away.

Bilton’s suggestions are by-and-large consistent with most frequent of past rumors regarding the iPhone 5. Noting this, 9to5 Mac last night reported that they have heard that there will be two different iPhone models coming next month - a low-end, iPhone 4 look-alike and the new iPhone 5.

The iPhone 5 itself is a sight to behold, we’ve been told.  It is impossibly light, yet much firmer than Samsung Galaxy phones which are backed in plastic.  The camera rivals point and shoot cameras and will be a major marketing point for this device.

There isn’t anything inherently unique in their report either, claiming that Apple’s lower-end iPhone will be similar to the current iPhone 4 whilst the iPhone 5 will be tear-drop shaped, which has been claimed before. However they do say that this lower-end iPhone (the iPhone 4S if you will), is already being produced in high quantities, with 10 million expected on launch day. The iPhone 5 though, is apparently seeing “continued design and production delays, at least on one assembly line” with 9to5 Mac speculating there could be slight delays and shortages until 2012.

[Via 9to5 Mac]