Is This The Apple Budget iPhone : Leaked Photo
The best potential fakes are the ones that look almost plausible but I'm not sure about this. Apple has spent a lot of time and effort moving away from the white plastic laptops so releasing a phone that looks similar seems a bit odd to me.
This photo comes courtesouy of Case-maker Tactus claiming this iPhone has a Polycarbonate body to help reduce on production costs. His source is apparantly a factory providing parts for Apple.
With two separate buttons for volume control and the inclusion of an LED flash this to me seems more like an iPhone 3gs re imagined.
You have to admire the internet, when there's nothing to talk about.. just make it up