Let's talk iPhone, so what do you think?

My take would be, on the 4th of October Apple would announce a brand new iPhone 4s with A5 chip,1GB RAM, 8MP camera.
Where as, the old iPhone would made available in a 8GB model and sell in a cheaper price similar to the current iPhone 3GS.
I don't think Apple would come out a brand new, redesign iPhone 5 and a budget iPhone 4s.
There is just too much rumours pouring in, with conflicting rumours, and unless Apple are so great at hiding their secret that not a single part of iphone 5 has been surface.
The only solid rumour of iphone 5 redesign is the casing. Which is said to have a tampered back similar to the iPad 2.
To be honest I serious hope that I'm wrong and let the all mighty and magical apple surprise us all and come out with a iPhone 5 and a budget iPhone 4s.
Let's wait and see.