So unless you've been living under a rock lately you know the the newest incarnation of the iPhone was misplaced in the wild by an Apple engineer out celebrating his birthday. Well, Gizmodo managed to purchase the iPhone and dissect it revealing some of the long awaited new features everyone has been speculating about. It is also possible that this phone is not the final incarnation of the upcoming new iPhone and just one of many prototypes.

Excerpt from Gizmodo's site:

What's new:

• Front-facing video chat camera
• Improved regular back-camera (the lens is quite noticeably larger than the iPhone 3GS)
• Camera flash
• Micro-SIM instead of standard SIM (like the iPad)
• Improved display. It's unclear if it's the 960x640 display thrown around before—it certainly looks like it, with the "Connect to iTunes" screen displaying much higher resolution than on a 3GS.
• What looks to be a secondary mic for noise cancellation, at the top, next to the headphone jack
• Split buttons for volume
• Power, mute, and volume buttons are all metallic

What's changed:

• The back is entirely flat, made of either glass (more likely) or ceramic or shiny plastic in order for the cell signal to poke through. Tapping on the back makes a more hollow and higher pitched sound compared to tapping on the glass on the front/screen, but that could just be the orientation of components inside making for a different sound
• An aluminum border going completely around the outside
• Slightly smaller screen than the 3GS (but seemingly higher resolution)
• Everything is more squared off
• 3 grams heavier
• 16% Larger battery
• Internals components are shrunken, miniaturized and reduced to make room for the larger battery

If you haven't followed this story yet, you can check out the full time-line of event's here: gizmodo.com/5520438/how-apple-lost-the-next-iphone