I still think it will be next fall. Too many problems with 4g and battery issues to pass the Apple threshold. They are a bit mor picky than Android with functionality. And the hype for the next device will keep folks anxiously waiting, just like this year.
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There is just too much hype about 4G. It would be unwise for Apple to wait another year and miss the 2-year iPhone 4 contract expiration date. Too many kids (and adults) out there are always counting days to their contract expiration date, so they could go and get the latest and the greatest phone. It was a big deal when AT&T and Apple agreed to the early contract renewal for iPhone 4 release. And if iPhone is not the latest and the greatest at that moment when the contract expires, then Apple may lose a lot of customers who will decide to try out something else and will become locked into another contract. So, my prediction is that we will see iPhone 5 much sooner than next Fall. We'll see!