This is the N94 device that was found in the iOS SDK and not the N90A 8GB iPhone 4 that surfaced yesterday. Interestingly, the site notes that the model number for the device matches a packaging label that was leaked onto a Chinese forum.
We quickly dismissed the label as fake due to its unknown origin, but it is now possibly real. The model number from the label is MD239 (a 16GB unit), while the model number for the "better" (likely 32GB unit) is MD234. According to Mr. X, this sequence is sensible, but could just be a coincidence. If legitimate, the next-generation iPhone will be marketed as the iPhone 4S, but we definitely would not call that anywhere near confirmed. Another tidbit: IMEI and MEID being together on the label would seem to confirm this new iPhone to be GSM+CDMA.
The iPhone 4S is believe to pack an A5 processor, an 8MP camera, 1GB of RAM, and feature new speech-to-text and Assistant features.
Their source also reports that the iPod touch will see a big price drop for the 8GB version, possibly bringing the bring down to $199 or lower to compete with the Kindle Fire.