The latest, slightly ridiculous Apple rumor concerns the upcoming 4G iPhone, which is expected to be released as early as this June (AT&T has allegedly barred employees from taking vacations this June, so maybe something big is going to happen).
Images that are allegedly of the upcoming iPhone surfaced on the Internet today, acquired in very strange circumstances. A 4G iPhone was allegedly found on the floor of a San Jose bar in an iPhone 3G case. The device in question has a front-facing camera, 80 GB of storage, and an OS that is definitely different from the current iPhone OS.
However, some blogs are asserting that the phone in question is actually a Japanese counterfeit of the iPhone, which I think is very plausible. It seems very unlikely to me that a company as secretive as Apple would let an iPhone 4G anywhere near a bar (or any other public place, for that matter).
Via CNET, image via Engadget.