Our sources are saying that not only will there be a newly designed iPhone coming in the fall, but there is going to be a new entry into the iPad family as well. As hard as it might be to believe, the new tablet is said to sport a double resolution screen (2048 x 1536), and will be dubbed the "iPad HD." The idea behind the product is apparently that it will be a "pro" device aimed at a higher end market - folks who work in video and photo production possibly - and will be introduced alongside something like an iPad version of Final Cut or Aperture. This product is specifically said to not be the iPad 3, rather a complimentary piece of the iPad 2 line. Think MacBook and MacBook Pro.
TIMN believes a major redesign of the iPhone is coming this September and suggests that recent rumors of an iPhone 4S are merely the result of Apple testing iPhone 5 components in the body of an iPhone 4 to prevent leaks. They've also heard that Apple is abandoning the current design because 'the device is out of favor at the highest levels of the company'.