The technology rumor mill has been set ablaze by the reports that the newest version of the Apple iPhone has been leaked. There are images and a video showing what looks like it could be the real deal, but for now the Gizmodo 4G iPhone has not been confirmed by Apple.

If the prototype (that was reportedly lost by an engineer working on the project) is for real, it may be time to prep for an upgrade. The new Gizmodo 4G iPhone features a metallic case and front facing camera for video conferencing.

Personally I’m going to wait for Steve Jobs to make an announcement before I buy in.