For the past several weeks, the Web has been buzzing with the prospective news that Apple will announce its latest iteration of the popular iPhone - mostly likely dubbed the iPhone 5 - Wednesday, Sept. 12.

USA Today's Jefferson Graham says the new phone is expected to be slightly bigger with a larger screen, faster processor (iOS 6) and better camera. The phone should also have a new mapping feature - called Apple Maps. The Huffington Post reports that Apple is likely to change the phone's look, shrink the charging dock and equip it with a bigger battery for longer life on one charge.

A JP Morgan economist has said he believes the release of the new iPhone could result in a major boost to the nation's economy during the last quarter of the year.

So, will you be one of those early buyers? What do you hope the phone has?