New iPhone 5 and iPad 3 Rumors

So the latest update on the rumor mill of the world is that indeed it will be a September release of the iPhone 5 which is slotted to receive the same A5 processor that’s in the iPad 2 and an 8 megapixel camera.  iPad3 may have updated screen res and drop spring of next year, let’s hope so.  Also rumors of a lower budget iPhone for lower economic consumers seems to be a go.  Check out the link for more info over at Macrumors

What are your thoughts on the new screen resolution possible for iPad 3 and do you think a 2011 release of the iPhone 5 is premature after Verizon just getting the 4?