Do you think I Phone 5 prices are outrageous???

The 'iPhone 5' looks pretty much like the iPhone 4S. Which looked exactly like the iPhone 4, a phone that is now two years old.

At a quick glance, the phones might look similar, but the truth of the matter is the new phone is going to be radically different.

It's going to have millions of people, including Blodget lined up, as soon as it hits the market.

(We're going to assume these leaked images of the iPhone are accurate. There's a good chance they're not, making this whole debate moot.)

I've always loved the iPhone 4 design, so I think it's a good move that the next iPhone will echo it, at least from the front and sides. Take a look at the evolution of iMac and MacBook designs. Each new design cleverly builds on the last. And no one complains.

That appears to be what Apple is doing here with the new iPhone. Instead of a radical redesign, it's building on the successful design of the iPhone 4, adding a taller screen and making it noticeably thinner. Mark Gurman of 9to5 Mac estimated that the new iPhone will be about as thin as the metal band that surrounds the iPhone 4. That's quite a feat.