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3G iPod Touch is Prepaid iPhone 5?

It could basically be the 3G iPod, with the added benefit of you being able to make it a full fledged iPhone if you desire.

I’d been wondering where this mysterious prepaid, teardrop-shaped┬áiPhone was going to come from, and now I think I have my answer: it’s not the next iPhone, it’s the next iPod, and it just happens to have a SIM card.

    (Source: daringfireball.net)