Again, more rumors about the next iPhone. As reported earlier, the Apple rumor mill won’t stop churning out new content until the company finally reveals its new products reportedly next month. That said, the latest iPhone 5 installment to reach our ears is that the high-anticipated fruity smartphone may launch on Friday, October 7, 2011. There’s also a possibility that it may launch on October 14 as well, depending on product’s position during the final production stages later on in September.

In addition to the possible October launch, Apple will reportedly begin taking pre-orders in the final days of September, backing up reports that Jobs & Co. will reveal the product during a press event next month. So far Apple is debating between launching the pre-order program on Thursday, September 29 or Friday, September 30 – sources close to the iPhone 5 launch point to the latter date.

So far there isn’t anything new about the iPhone 5′s sidekick, the cheaper, possibly-prepaid model. Recent news indicated that this new iPhone 4 variant would be cloud-based in order to keep the storage requirements low, thus reducing its overall cost. It will also supposedly sport an all-plastic chassis – including the screen – which should also drive the cost down even further.

As for the rumored iPhone 5, it will reportedly feature Apple’s dual-core A5 processor, an 8MP camera, voice-navigation software, iOS 5, panorama photography capabilities, and possibly even a thinner form factor. Overall the product’s latest stages of pre-mass-production are reportedly moving along nicely for the moment. But as with any launch date report (hardware or software), this could change at any moment.

So when do we find out if the iPhone 5 is actually real or just a rumor? Right now there’s indication that Apple will reveal all of its 2011 magic on September 8 here in the USA. Right now it’s unclear if Apple plans to reveal the new iPhone models during its annual iPod event, or at a separate showing few weeks later.